Bank of England MPC Minutes 8/9 October 2003

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 22 October for the meeting of 8 and 9 October 2003. Deputy governor Andrew Large, executive director Paul Tucker and external MPC members Kate Barker and Stephen Nickell, voted in favour of raising the key rate from its 48-year low of 3.5% to ensure inflation remained on track to hit its 2.5% target. Some of the members were worried that the recent record rise in consumer debt could risk a sudden crash in cons

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