Minutes of the Monetary Policy Committee Meeting held on 4 and 5 November 2009 | Bank of England
Central bank: boe | Type: decision | Date: 2009-11-01

Minutes of the Monetary Policy Committee Meeting held on 4 and 5 November 2009
Minutes of the Monetary Policy Committee Meeting held on 4 and 5 November 2009
The MPC at its meeting voted to maintain Bank Rate at 0.5%. The Committee also voted to increase the stock of purchased assets financed by the issuance of central bank reserves by £25 billion to £200 billion.
Published on
18 November 2009
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, Kate Barker, Paul Fisher, Adam Posen and Andrew Sentance) voted in favour of the proposition. Two members of the Committee voted against the proposition. David Miles preferred to increase the size of the asset purchase programme by £40 billion to a total of £215 billion. Spencer Dale preferred to leave the size of the asset purchase programme unchanged at a total of £175 billion.
Minutes of the meeting