Bank of England voted 7-2 to hold rates

The Bank of England seem to be moving away from an easing bias, minutes published Wednesday show. The previous record showed three committee members wanted a quarter point rate cut but this time Kate Barker shifted back with the majority in favour of maintaining the rate at 4 percent. The committee's reluctance to cut rates stems from fears over the UK's house price boom and interestingly, of the two remaining in favour of a cut, Stephen Nickell recently said house prices should play no part