mpc:
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40 The Governor invited members to vote on the proposition that the Bank's repo rate be
maintained at 6.0%. Seven members of the Committee (the Governor, Mervyn King,
David Clementi, Christopher Allsopp, Charles Bean, Stephen Nickell and Ian Plenderleith) voted for
the proposition. DeAnne Julius and Sushil Wadhwani voted against, preferring a reduction in the
repo rate of 25 basis points.
41 The following members of the Committee were present:
Eddie George, GovernorMervyn King, Deputy Governor responsible for monetary policyDavid Clementi, Deputy Governor responsible for financial stabilityChristopher AllsoppCharles BeanDeAnne JuliusStephen NickellIan PlenderleithSushil Wadhwani
Gus O'Donnell was present as the Treasury representative.
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