The BoE's decision follows the Federal Reserve's 21 March announcement it would raise USA interest rates by 25bps in Jerome Powell's first meeting as chairman since taking over from Janet Yellen.
No economist polled by Reuters expects the BoE to follow up on its rate hike in November - its first since 2007 - at its March meeting.
The Bank of England's Monetary Policy Committee (MPC) has voted by a majority of 7-2 to keep United Kingdom interest rates at the present level of 0.5 per cent.
"The best collective judgment of the MPC remained that, given the prospect of excess demand over the forecast period, an ongoing tightening of monetary policy over the forecast period would be appropriate", the minutes of the March meeting said. Members Ian McCafferty and Michael Saunders, both of whom were the first two to call for an increase in rates in 2017, were the two dissenters.
The Bank of England has kept interest rates unchanged at 0.5%.
The bank's announcement was largely in line with market forecasts, although most BoE watchers expected a unanimous decision from the MPC to leave policy alone.
The Bank of England's Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment.
One bright spot: The panel noted that a squeeze on consumers from meager wage growth and high inflation triggered by a steep fall in the pound after 2016's Brexit vote appears to be fading.
Rate-setters also said future increases were likely to be "gradual" and "limited".
As such, the Reserve Bank of Australia (RBA) is now seen as unlikely to be considering near-term monetary policy adjustment.
In a speech given at HMT's International Fintech Conference yesterday, the Bank of England's deputy governor, Dave Ramsden, said the Hub will be a central point of contact for the fintech sector to engage with the Bank.
Seven of the BOE's nine officials voted to hold off for now, arguing that incoming data on growth and inflation don't yet justify another rise.
"The rate rise made in November felt like a straightforward reversal of the emergency post-Brexit cut, but this now feels more like we're entering a genuine tightening phase at the Bank".
Earlier this month, Bank of England Governor Mark Carney said crypto-currencies such as bitcoin had failed as a form of money, but he said the technology could improve the financial system in future. While UK retail sales lifted strongly in February by 0.8%, more than expected (most economists had penciled in a 0.4% climb), much of the February sales lift was down to supermarket sales growth rather than broader high-street shopping (bear in mind the demise of Maplin and Toys R Us).
This was a departure from the unanimous vote at February meeting and came as somewhat of a surprise given much of the market that had pencilled in another unchanged vote.
The report has also revealed that Apple has managed to bring down the manufacturing costs of the device to a much lower level. The purported iPhone SE 2 features an aluminum chassis instead of the stainless steel frame used on the iPhone X .
President Donald Trump declined to publicly fill out a bracket last year and it's not clear if he will do one this year. On the women's side, he chose No. 1 overall seed UConn to top Mississippi State in the championship.
Summoned by student survivors of the Florida school massacre, tens of thousands of people poured into the nation's capital. Students chanted "enough is enough" and held up signs with slogans like "our ballots will stop bullets".
England , on the other hand, have not won any of their last ten away Test matches and ended up losing eight of them. I felt I got too technical, constantly looking at videos. "I've got that buzz back", he said.
Kansas coughed up most of a 20-point, second-half lead before holding off No. 5 Clemson , 80-76 in the Midwest Region at Omaha. Clemson attempted to put a dent in its deficit before the break but a five-point Jayhawk possession dashed those hopes.
U.S officials are in support of the sanction with emphasis that the global communities should put pressure on Maduro regime. Since that time , Maduro has claimed that pre-sales of the digital currency token have now raised $5 billion US.
Already, Chelsea can not retain their Premier League title this season, and they have also crashed in the Champions League. He added: "For Chelsea it is the same, the last opportunity to win something this season".
Graham's offensive rebound after a Svi Mykhailiuk miss at the 1:57 mark allowed the Jayhawks to run nearly a minute off the clock. At one point, the Wildcats hit just 1 of 10 from the field and had a nine-minute stretch in which it made just one field goal.
Tickets for Lollapalooza 2018 , including four-day passes and VIP packages, are on sale through the festival's website . The four-day music festival takes place from August 2 to 5 in Chicago's Grant Park .
Last week, Toys "R" Us gave up its fight to restructure operations and made a decision to liquidate all of its USA stores. The company accrued the almost $2 billion debt after Apollo Global Management LLC purchased it for $3.1 billion in 2007.
It's thought the aircraft was flying from RAF Valley to the team's base at RAF Scampton in Lincolnshire when it crashed. A spokesman said they sent an emergency ambulance to the scene and Wales Air Ambulance was also in attendance .
Back then, rumors had it that Apple will use MicroLED in its then-upcoming Watch, but the company ended up using an OLED screen . Apple's research facility in Santa Clara has been operating in secret for a few years now, but progress has been slow.
China's Defense Ministry said two Chinese naval ships had been sent to identify the USA ship and warn it to leave. Correction: The story has been corrected to state that USA defense officials confirmed the operation Friday.
In their initial questioning, police said that Katcharin appeared to be mentally ill and denied being involved in the attack. A crowd of men and boys watched as she collapsed unconscious after the shocking beating in Bulandshahr , Uttar Pradesh.
Trump", but alleges the company warns her to say nothing when contacted by the media and has threatened her with "financial ruin". McDougal apparently was paid $150,000 while Clifford was given $130,000 to shut up about Trump's extramarital affairs.
The Cary-based developer have also advised Battle Royale and Fortnite Save The World fans on how to stay safe online. The Fortnite limited time Blitz mode will be the first LTM that Fortnite Mobile fans are able to take part in.
In the pictures, Blue Ivy looks delighted with her outfit as she poses in front of a mirror while her mum stands behind her . Her mother Beyonce also joined the auction and won a bid on Lorraine Schwartz panther earrings at $17,000.
This is Morocco's fifth attempt to host the World Cup after making bids for the 1994, 1998, 2006 and 2010 finals. The five existing stadiums that need upgrading are in Marrakech, Agadir, Fez, Rabat and Tangier.
I feel like over the last couple of months of 2017 into this year I sort of rediscovered my love for the game a little bit. Thought not always at his best, Woods made a number of great par saves, including one for the ages on the par-four 15th.
He did not play in Barcelona's 2-0 win at Malaga in the previous league round because of the birth of his third son. Paco Alcacer and Lionel Messi both netted in a masterful opening-half performance from Ernesto Valverde's side.