FXstreet.com (Barcelona) - The Bank of England has decided to keep interest rates unchanged at 5.75% after their monthly Policy Meeting Committee.

The Bank, as usual has not given any further explanation, further details about the decision will be given at the meeting's minutes due the 21st of November.

The Central bank has kept interest rates on hold, as expected by most accounts, for the fourth consecutive time, despite growing chances of a rate cut decision to 5.5%, on the lights of weak industrial and services data plus the decrease on retail sales shown by the BRC's latest report all of them released earlier this week.