BoE MPC voted 6-3 to cut rates to 5.5%-minutes

UNITED KINGDOM - Six of the nine members of the Bank of England's Monetary Policy Committee voted to cut the repo rate to 5.5% from 5.75% during their last meeting on Apr. 4-5, according to minutes of that meeting released on Apr 18, 2001.

Surprisingly, Ian Plenderleith, one of the central bank's executive directors, broke ranks with the majority and voted with independent members DeAnne Julius and Sushil Wadhwani for a half percentage point cut in the cost of borrowing to help ward off a fall