King, Outvoted by His Bank of England Colleagues, May Be Vindicated Again

(Bloomberg) -- The last time Bank of England Governor
Mervyn King was outvoted in an interest-rate decision, control
over consumer prices and house values slipped from the bank's
grasp.

King was overruled again this month, failing to persuade a
majority of the bank's nine-member panel that it should raise the
benchmark rate by a quarter point to 5.75 percent to stamp out
price pressures, the minutes of the June 6-7 meeting published
yesterday showed.


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