SMPC minutes

Cityscape

3 Sep 2007

At its latest meeting the IEA's Shadow Monetary Policy Committee voted eight to one to hold interest rates. One member wanted a 0.25% cut.

1 Aug 2007

The SMPC voted by five votes to four to hold interest rates at their current level.

1 Jul 2007

SMPC votes to increase interest rates by 0.25% by eight votes to one. Most members believe that rates should rise further in forthcoming months

4 Jun 2007

SMPC votes by five votes to four to hold interest rates for now

9 May 2007

SMPC votes to raise interest rates by 0.25% by seven votes to two but rejects 0.5% increase

3 Apr 2007

SMPC votes to raise interest rates by 0.25% by eight votes to one. Two members want 0.5% increase.

5 Mar 2007

SMPC votes to hold rates but believes that rates will have to rise further in the coming months.

5 Feb 2007

SMPC votes narrowly to hold rates now but expects to want rates to rise later in the year

8 Jan 2007

IEA Shadow Monetary Policy Committee votes by five to four to raise rates now

4 Dec 2006

SMPC agrees by seven votes to two to hold interest rates at 5%

5 Nov 2006

SMPC votes seven to two to raise interest rates

2 Oct 2006

SMPC votes by six votes to three to raise interest rates

5 Sep 2006

SMPC votes by six to three to hold interest rates

31 Jul 2006

SMPC votes to raise interest rates by five votes to four

3 Jul 2006

SMPC votes seven to two against an increase in interest rates

6 Jun 2006

SMPC Votes seven to two not to raise interest rates

1 May 2006

SMPC votes by seven to two not to cut interest rates

3 Apr 2006

SMPC voted by five votes to four not to reduce interest rates this month

6 Mar 2006

SMPC votes to lower interest rates by five votes to four

6 Feb 2006

SMPC voted by six votes to three not to reduce interest rates this month

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