Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 21 April for the meeting of 7 and 8 April 2004. Eight of the nine MPC members opted to keep interest rates unchanged with only deputy governor Andrew Large supporting a quarter-point rate rise.
The deputy governor in charge of financial stability repeated his view that the build-up in consumer debt made households more vulnerable to ``shocks.''
``Sterling had strengthened'' since February and ``U.K. output data
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