The BoE 's nine-strong monetary policy committee (MPC) voted unanimously to hold its key borrowing cost at 0.1%.
Wednesday's so-called dot plot of projections showed nine of the 18 FOMC members expect a rate increase in 2022.
China's Evergrande effect will need to be monitored as its collapse can lead to some negative ripple effects
A credit event for Evergrande seems unavoidable, spillover into other markets depends on whether Evergrande restructures or fully liquidates.
Asian stocks traded lower on Tuesday as investors continue to monitor the situation surrounding embattled developer China Evergrande Group.