Bank of England Governor Mark Carney surprised markets last week after hinting that interest rates may not be raised next month, while some economists said it might be wrong to rule out a rate hike.
Since the second half of last year, the Bank of England has warned that British economy is at risk of persistent inflation even with the impact of its exit from the EU, which affects its economic growth.
The Bank of England raised interest rates in November for the first time since 2007, and in February Carney said interest rates could be raised faster than expected. In March, two members of the Monetary Policy Committee voted in favor of a rate hike.
Market expectations were largely for the bank to raise interest rates at the May meeting, but all this changed in the wake of Carney's remarks, which hinted about mixed economic data, opinion differences within the MPC and the possibility of raising interest rates later in the year.
The pound has fallen significantly since then to record a six-week low against the US dollar at 1.3917.
