The Bank of England has decided to keep interest rates steady despite the economy's strong recovery as it first wants to see a stronger rise in wages and inflation remains low.
Policymakers voted Thursday to keep the key rate at a record low 0.5 percent and to refrain from pumping money into the economy.
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Governor Mark Carney has suggested rates could start rising next year. But with inflation at 1.5 percent, below the 2 percent target, pressure to do so remains muted.
The bank also wants to see a robust increase in wages. Britain's economy is recovering faster than most European countries, but pay increases have been slow.
Meanwhile, the Royal Institute of Chartered Surveyors reported a drop in housing prices in London for the first time in four years.