Bank of England MPC Minutes 3/4 December 2003

Minutes of the Bank of England's Monetary Policy Committee Meeting were released on 17 December for the meeting of 3 and 4 December 2003. Eight members of the MPC thought that rates should remain at 3.75 per cent while Sir Andrew Large, one of the Bank of England's deputy governors, wanted to raise interest rates to 4 per cent. "If the economy continued to evolve in line with the committee's central projections, a further increase in the repo rate would be warranted at some point. But the

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