Three of the nine members on the Bank of England's Monetary Policy Committee (MPC) voted to lower in...
Three of the nine members on the Bank of England's Monetary Policy Committee (MPC) voted to lower interest rates by 25 basis points at the last meeting on 9-10 October, although the majority voted to retain the current 4% rate. Minutes of the MPC meeting were released this morning. Voting in favour of keeping the existing rate were Eddie George, governor, Mervyn King, deputy Governor responsible for monetary policy, Andrew Large, deputy governor responsible for financial security, Charles Bean, Marian Bell and Paul Tucker. Voting for a cut were Christopher Allsopp, Kate Barke...
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