Minutes of the Monetary Policy Committee Meeting held on 9 and 10 April 2008 | Bank of England
Central bank: boe | Type: decision | Date: 2008-04-01

Minutes of the Monetary Policy Committee Meeting held on 9 and 10 April 2008
Minutes of the Monetary Policy Committee Meeting held on 9 and 10 April 2008
The MPC voted 6-3 to cut Bank Rate to 5.0%.
Published on
23 April 2008
The Governor invited the Committee to vote on the proposition that Bank Rate should be reduced by 25 basis points to 5.0%. Six members of the Committee (the Governor, Rachel Lomax, John Gieve, Kate Barker, Charles Bean and Paul Tucker) voted in favour of the proposition, and three (Tim Besley, David Blanchflower and Andrew Sentance) voted against. Tim Besley and Andrew Sentance preferred to maintain Bank Rate at 5.25%, and David Blanchflower preferred an immediate
reduction of 50 basis points to 4.75%.
Minutes of the meeting