MINUTES - Minutes of the Bank of England's Monetary Policy Committee Meeting released on 22 January for the meeting of 8 and 9 January 2003. The same pattern of voting was seen at this meeting as in the previous two meetings. The nine MPC members voted on a proposal to maintain the repo rate at 4.0%. Seven voted in favour of this with two members preferring a quarter point cut. Christopher Allsopp and Stephen Nickell voted against, preferring a reduction in the repo rate of 25 basis points.
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