One opposed last UK rate decision minutes reveal

UK - The men and women who set interest rates in the UK earlier this month voted overwhelmingly in favour of leaving interest rates unchanged at 4%, minutes of the rate decision meeting show.

The Bank of England's Monetary Policy Committee voted eight to one in favour of the no-change decision, its eight in as many months.

Deputy Governor of the Bank, Mervyn King was alone in calling for a rate hike, citing rising inflation concerns in the medium term.

Morgan Stanley UK economist, Mark Miller,