FXstreet.com (Barcelona) - The Bank of England has decided to leave its official bank rate by unchanged at 5.00% for second consecutive month, after their monthly Policy Meeting.

This decision is taken in a context of high inflation, rising at 3.0% pace year on year in April and with oil prices soaring, a situation that is weighing of private consumption, and with the Gross Domestic Product growth slowing down gradually.

The Bank's monetary policy committee has not provided any further explanation about the decision, the meeting's minutes will be published on June 18th at 8:30 GMT.