Minutes of the Monetary Policy Committee Meeting held on 6 and 7 October 2010 | Bank of England
Central bank: boe | Type: decision | Date: 2010-10-01

Minutes of the Monetary Policy Committee Meeting held on 6 and 7 October 2010
Minutes of the Monetary Policy Committee Meeting held on 6 and 7 October 2010
The MPC at its meeting voted to maintain Bank Rate at 0.5%. The Committee also voted to maintain the stock of purchased assets financed by the issuance of central bank reserves at £200 billion.
Published on
20 October 2010
The Governor invited the Committee to vote on the proposition that:
Bank Rate should be maintained at 0.5%;
Seven members of the Committee (the Governor, Charles Bean, Paul Tucker, Spencer Dale, Paul Fisher, David Miles and Martin Weale) voted in favour of the proposition. Two members of the Committee voted against the proposition. Adam Posen preferred to maintain Bank Rate at 0.5% and increase the size of the asset purchase programme by £50 billion to a total of £250 billion. Andrew Sentance preferred an increase in Bank Rate of 25 basis points, and to maintain the size of the asset purchase programme at £200 billion.
Minutes of the meeting