Minutes of the Monetary Policy Committee Meeting held on 4 and 5 July 2012 | Bank of England
Central bank: boe | Type: decision | Date: 2012-07-01

Minutes of the Monetary Policy Committee Meeting held on 4 and 5 July 2012
Minutes of the Monetary Policy Committee Meeting held on 4 and 5 July 2012
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 £50 billion to £375 billion.
Published on
18 July 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, seven members of the Committee (The Governor, Charles Bean, Paul Tucker, Paul Fisher, David Miles, Adam Posen and Martin Weale) voted in favour of the proposition. Spencer Dale and Ben Broadbent preferred to maintain the stock of asset purchases, financed by the issuance of central bank reserves, at £325 billion.
Minutes of the meeting