Minutes of the Monetary Policy Committee Meeting held on 9 and 10 May 2012 | Bank of England
Central bank: boe | Type: decision | Date: 2012-05-01

Minutes of the Monetary Policy Committee Meeting held on 9 and 10 May 2012
Minutes of the Monetary Policy Committee Meeting held on 9 and 10 May 2012
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 £325 billion.
Published on
23 May 2012
The Governor invited the Committee to vote on the propositions that:
Bank Rate should be maintained at 0.5%;
Regarding Bank Rate, the Committee voted unanimously in favour of the proposition.
Regarding the stock of asset purchases, eight members of the Committee (the Governor, Charles Bean, Paul Tucker, Ben Broadbent, Spencer Dale, Paul Fisher, Adam Posen and Martin Weale) voted in favour of the proposition. One member of the Committee (David Miles) voted against, preferring to increase the size of the asset purchase programme by a further £25 billion to a total of £350 billion.
Minutes of the meeting