Bank of England policymakers voted 8-1 to cut British interest by a quarter-point to 5.25% earlier this month, minutes of the meeting show today.
Minutes revealed that the sole dissenter was David Blanchflower, who called upon the Monetary Policy Committee to cut British borrowing costs by half a percentage point at its meeting on February 7.
'For one member, more weight should be placed on the risk of a very sharp slowdown in UK growth,' the minutes said.
Following its quarter-point cut earlier this month, the Bank of England had said in a statement that its rate-setting committee needed to balance the risk of 'a sharp slowing in activity' against the danger of rising inflation.
The BoE's second quarter-point reduction in three months came after the US Federal Reserve chopped a total of 1.25 percentage points off its key rate in January amid worries that the US could be headed for a recession.
The BoE's main job is to keep British 12-month inflation close to a government-set target of 2%. British annual inflation rose to 2.2% in January from 2.1% in December.
