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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: