(by Mark Riley)

The Bank of England’s Monetary Policy Committee voted unanimously for keeping rates steady at the prior level of 4.75% in October.

The Monetary Policy Committee of BoE said in its minutes the economy does not see strong growth now in the third quarter, so that the rate should stay at the same level so far.

The worries were also concentrated by sterling weak performance and equity prices rise. The minute also added: "There was now a good deal of subsequent information to assess."

"For example, between the apparent tightness of the labour market and modest pay pressures and between gradually accelerating broad money and nominal GDP, and low and stable consumer price inflation," was said in the minutes.

Growing oil prices were also indicated as a factor for the decision, despite of its weaker impact on the UK economy.