Bank of England policymakers unanimously decided to keep the interest rates unchanged and asset purchase plan on Thursday.
The Monetary Policy Committee, headed by Mark Carney, voted 9-0 to hold the interest rate at 0.50 percent, the BoE said in a statement.
The rate has been held at this record-low level since 2009. McCafferty dropped his call for a quarter point rate hike in February for the first time since July.
Policymakers also unanimously voted to maintain quantitative easing at GBP 375 billion.
All members of the Committee thought that maintaining the current stance of policy was appropriate at this meeting.
The path that Bank Rate would actually follow over the next few years would depend on economic circumstances, the bank said.
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