BoE minutes for March's rate decision showed that MPC members voted 5-3-1 to keep both interest rate and APF quantity unchanged at 0.50% and 200 billion pounds.

The vote for interest rate change was 6-3 as Andrew Sentance maintained his call for an interest rate hike of 50 basis points, while Spencer Dale and Martin Weale's called for 25 basis points increase in the borrowing cost for the second month, referring that the trio asked for leaving the APF steady.

On the other hand, Adam Posen resumed his call for expanding the APF by 50 billion pounds to 250 billion pounds while keeping borrowing cost unchanged.