FXstreet.com (Barcelona) - The Bank of England's Monetary Policy Committee voted unanimously to maintain interest rates at 0.5% as well as continue its £200B asset purchasing program at its policy meeting held on January 6 and 7.

In its meeting minutes, the Bank said that although the British economy has begun to expand again, its was growing weakly and there are still significant headwinds to be faced.

Inflation is still a concern, and while the committee will monitor closely to make sure price growth stays withing the 2% target set out by the Bank, it deemed that near-term price level shocks to inflation had worked through.

On a larger scale, the committee said that the global recovery has been less synchronised than the 2008 downturn with China and the rest of Asia showing strong activity growth while the durability of US's rebound remains uncertain and Europe's is still weak.