Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 19 May for the meeting of 5 and 6 May 2004. The minutes showed the MPC voted unanimously in favour of raising interest rates to 4.25% but also considered a half-point increase.
All nine members of the Monetary Policy Committee led by Governor Mervyn King opted to boost the benchmark rate on May 6 by a quarter point to 4.25 percent. They also considered a half-point increase. Rates haven't risen that much since
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