House boom 'should not deter Bank' from rate cut

ARTICLE - The house price boom should no longer stand in the way of a cut in interest rates, according to Stephen Nickell, the longest-serving external member on the Bank of England's monetary policy committee.

Speaking Wednesday to the Financial Times in his office on the third floor of the Bank, he explained the vote this month that made him the most unexpected dissenter from the decision to leave rates unchanged.

"My feeling was that the prospects looking forward are such that we want to boost

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