Bank of England MPC Minutes 9/10 April 03

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 23 April for the meeting of 9 and 10 April 2003. The minutes show that MPC members voted 7-2 in favour of maintaining interest rates at their current levels. Christopher Allsopp and Marian Bell pressed for a quarter point cut. The minutes also said: "The war in Iraq had increased the difficulty in the interpreting survey responses, probably making them unduly pessimistic but to an unknown extent."

Source: Bank

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