SMPC minutes

Cityscape

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

3 Mar 2008

SMPC votes to hold interest rates by seven votes to two

4 Feb 2008

SMPC again votes for an interest rate cut by five votes to four

7 Jan 2008

SMPC votes for 0.25% interest rate reduction by five votes to four

5 Jan 2008

SMPC votes six to three against further interest rates cuts but supports other methods of monetary easing.

3 Dec 2007

SMPC votes for 0.25% rate cut by five votes to four

5 Nov 2007

SMPC votes to hold interest rates, amid current economic uncertainty

1 Oct 2007

SMPC votes to hold interest rates by eight votes to one

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

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