It was Mark Carney's last rate meeting as Bank of England chief.

In the end he didn't mark it with a cut, saying there are signs that Britain's economy has picked up since December's general election.

Though Carney warned a recovery looked far from certain:

BANK OF ENGLAND GOVERNOR MARK CARNEY, SAYING (ENGLISH):

"To be clear, these are still early days. It is less of a case of so far, so good, than so far, good enough."

The bank kept its benchmark rate at 0.75%.

Markets had seen the decision as very evenly balanced.

In the end though, bank policymakers voted 7-2 to leave rates unchanged.

Sterling jumped more than half a percent on the news.

But futures markets still point to a cut in the near future, probably in May.

That would mean a decision falls on Carney's successor as governor, Andrew Bailey.

He's set to start an eight-year term on March 16.

As for Carney, he's off to fight a different battle.

BANK OF ENGLAND GOVERNOR MARK CARNEY, SAYING (ENGLISH):

"Thank you very much."

The Canadian's next job is as UN envoy on finance and climate change.