Bank of England's February minutes
The minutes from the 6 and 7 February meeting of the Monetary Policy Committee show that eight out of the nine members voted to cut the Bank Rate by 25 basis points to 5.25%.
In explaining their decision, the view of the majority was that the "prospects for output growth abroad had deteriorated and the disruption to global financial markets had continued."
The committee also "thought it most likely that UK-weighted global growth would slow gradually, with the risks judged to be to the downside."
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