SMPC minutes


3 Nov 2009

Majority vote for QE extension but reservations expressed by some members

5 Oct 2009

SMPC majority argue for continued low interest and for QE to continue

7 Sep 2009

No major change to current policy required

3 Aug 2009

Bank rate should be held at 0.5%

1 Jul 2009

Keep bank rate the same and continue with QE, argue SMPC

4 May 2009

SMPC members call upon Bank of England to explain its exit strategy

5 Apr 2009

Quantitative easing should be pursued for now but should be rapidly unwound when necessary

4 Mar 2009

SMPC wish Bank of England to hold interest rates but pursue quantitative easing

1 Feb 2009

SMPC votes to hold interest rates but supports measures to stop collapse of money stock

5 Jan 2009

SMPC votes six to three to hold rates

1 Dec 2008

SMPC votes for interest rates to be cut to 2%

2 Nov 2008

SMPC vote seven to two for an immediate cut and also support further easing of policy in the future

5 Oct 2008

SMPC changes direction to support interest rate cut by seven votes to two

2 Sep 2008

SMPC believes that interest rates should be held for now but should be cut later

3 Aug 2008

SMPC votes six to three to hold interest rates - but believes the Bank must be ready to cut in the future

7 Jul 2008

IEA's Shadow Monetary Policy Committee vote eight to one to hold interest rates

1 Jun 2008

SMPC votes overwhelmingly against interest rate cut

5 May 2008

SMPC members vote to hold rates by five votes to four

10 Apr 2008

SMPC members vote for a rate cut by six votes to three