Interest rates in the UK have been kept at 0.5%, where they have been for 65 months since March 2009.
The Bank also announced the its economic stimulus programme would remain at £375bn.
Many people might have expected interest rates to go up after the Governor warned recently that they would, and because the economy is going well and unemployment is falling.
Growth figures showed the economy expanded by 0.8% in the second quarter, bringing the size of the economy to just over the level it was before the collapse. Economic growth has been marked for six quarters in a row.
The Bank expects growth to slow in the coming months as output eases amid higher productivity growth.
At the same time, however, wage growth was just 0.3% in the three months of May while inflation was 1.9% in June. As a result, households still have to struggle to keep up with rising prices.
