Minutes of the Monetary Policy Committee Meeting held on 12 and 13 January 2011 | Bank of England
Central bank: boe | Type: decision | Date: 2011-01-01

Minutes of the Monetary Policy Committee Meeting held on 12 and 13 January 2011
Minutes of the Monetary Policy Committee Meeting held on 12 and 13 January 2011
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
26 January 2011
The Governor invited the Committee to vote on the proposition that:
Bank Rate should be maintained at 0.5%;
Six members of the Committee (the Governor, Charles Bean, Paul Tucker, Spencer Dale, Paul Fisher and David Miles) voted in favour of the proposition. Three members of the Committee voted against the proposition. Andrew Sentance and Martin Weale preferred to increase Bank Rate by 25 basis points and to maintain the size of the asset purchase programme at £200 billion. 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.
Minutes of the meeting