(by Ameli Berksman)

The Bank of England has left its interest rate at the same level of 4.75%.

Top analysts predict this level to hike before the end of the year, but some of them say 4.75 percentage point to the peak of the current interest rates cycle as house prices dropped 0.6% in August.

"The BoE is probably seeing signs of slowdown in the housing and consumer-related sectors and feel they have done enough to deliver the slowdown that is necessary to keep growth on trend. We are still comfortable with our call of rates peaking at 4.75%," said Michael Hume, economist at Lehman Brothers.

The BoE didn’t uphold its decision on Thursday. Short sterling interest rate futures dropped after the announcement as dealers already positioned for the lack of change booked profits.

Even those analysts who predict a further climb in November don’t expect many increases later.