The Bank of England kept interest rates unchanged at their 48-year low of 3.5 per cent for the second month in a row.
It did so in the face of signs that consumers are piling on debt too fast and the economy was improving.
Data suggests that consumer spending remains strong and raised concerns that profligate Britons are borrowing too much and not budgeting for any interest rate rises in the future.
Interest rate futures and gilts nudged higher on the news while sterling was steady at around $1.572.
The FTSE 100 index of leading shares was static at 4,255, down seven points on the day.
Interest rate futures are now pricing in an interest rate rise by the end of the year and many economists now think the next move in borrowing costs will be up but probably not until well into next year.