House prices up sharply this month

LONDON (Reuters) - House prices jumped in September, the Nationwide Building Society said on Thursday, evidence that August's interest rate rise had done little to cool the property market.

The Nationwide said the cost of an average home rose 1.3 percent, bringing the annual rate of house price inflation to 8.2 percent -- its fastest rate since February 2005.

An average home cost 169,413 pounds in September, almost 13,000 pounds more than at the same time last year. Over the year, the typical home has risen in value by more than 35 pounds a day.


Full article from Reuters

MPC decision to hold rates this month was unanimous

Monetary Policy Committee voted 8-0 for keeping the cost of pound sterling borrowing in unchanged after after the surprise quarter percentage point hike the month before. Current rate is 4.75%
Source FT.com on Yahoo! Finance