The Bank of England kept its key interest rate at a record low level of 0.5% today as Britain struggles to ensure economic recovery.
The bank also left the scale of its quantitative easing programme to boost the money supply unchanged at £275 billion sterling.
The Bank of England's key interest rate has stood at 0.5% since March 2009, when it also began injecting £200 billion into the economy under a policy known as quantitative easing.
At its meeting last month, the BoE took fresh stimulus measures by announcing that it was increasing QE by £75 billion. The bank said today it expects the new cash injection to take another three months to complete.
The bank's latest policy decisions come as it prepares to publish new inflation and growth forecasts next week. Minutes from this week's meeting will be published on November 23.
lthough Britain's economy grew faster than expected in the third quarter, its outlook remains clouded by the euro zone debt crisis, government cutbacks and high inflation.
Gross domestic product - the combined value of all the goods and services produced in the economy - expanded 0.5% in the third quarter, the Office for National Statistics said last week.
Britain is also faced with high inflation, currently at a three-year peak on surging household energy bills. Inflation raced to 5.2% in September, compared with a level of 4.5% in August, according to the ONS.
The Bank of England's main task is to use monetary policy to try and keep annual inflation close to 2% - far below the current level. Experts claim that inflation can be fuelled by QE - a process where central banks create new cash that is used to purchase assets such as government and corporate bonds in the hope of giving a boost to lending and economic growth.
