Chemical and physical parameters were found to be broadly consistent with the experimental data.
"The adjustment would be broadly consistent with reducing housebuilding by housing associations by around 4,000 in 2019-20, when the full effect of the policy on their rental income has been reached.
"China and other developing countries do not need to take the same actions that developed countries are taking," Mr. Stern said, "but they do need to take significant national actions that they commit to — internationally — that they quantify, and that are ambitious enough to be broadly consistent with the levels of science".
With that said, the committee said it still believed "the contours of the economic outlook following the E.U. referendum had not changed" and a further cut in rates to just above zero is possible if the economic outlook is "judged to be broadly consistent" with its forecast in August.
"If, in light of that full updated assessment, the outlook at that time is judged to be broadly consistent with the August inflation report projections, a majority of members expect to support a further cut in Bank rate to its effective lower bound at one of the MPC's forthcoming meetings during the course of the year," the minutes said.
Allies of the former Treasury secretary had argued that his approach to monetary policy would be broadly consistent with that of the central bank under Fed Chairman Ben Bernanke and Yellen, and certainly that he would have been in no hurry to unwind easy money policies.
