LONDON (AFX) - British Chambers of Commerce said the Bank of England's decision to keep rates on hold at the moment is "understandable" given the conflicting views and data on the economy. "With so much conflicting data and views on the economy, it is understandable members of the MPC (monetary policy committee) should wish to sit on their hands," Ian Fletcher, chief economist at BCC, said. The manufacturing sector, he said, continues to suffer from very weak exports and for its sake, "the worst thing the MPC could do now is to make a policy mistake, by jumping in one direction too soon." The BCC, Fletcher said, would seek for reduction in rates if domestic demand starts to falter in the months ahead. "But at this stage it is too early to judge whether that is happening," he stressed.