The central bank's monetary policy committee voted unanimously to hold the benchmark interest rate steady at its current level following its quarterly review, as policymakers weigh conflicting signals from the labor market and consumer spending data.
While unemployment remains near historic lows, recent consumer confidence surveys have shown a notable dip, and manufacturing output has contracted for a second consecutive quarter.
The governor of the central bank told reporters that the committee remains "data-dependent" and open to adjustments in either direction depending on how economic conditions evolve over the coming months.
Financial markets had widely anticipated the decision to hold, with most analysts not expecting a rate move until at least the second half of the year.