FXstreet.com (Barcelona) - The Monetary Policy Committee of the Bank of England has decided after their monthly meeting, to maintain its key interest rate at the current 5.5%.

The Bank has decided, as most economists had advanced, to keep rates on hold, after lat month's 25 bp rate cut, although the market consensus poits out to another cut to be anounced in the next months.

The focus is now on the release of the meeting's minutes due to Wednesday 23th january at 9:30 GMT.