The Bank of England held its key interest rate at a record-low level of 0.50 percent on Thursday and said it would maintain its quantitative easing (QE) stimulus.
"The Bank of England's Monetary Policy Committee (MPC) today voted to maintain the official bank rate paid on commercial bank reserves at 0.5 percent," it said, adding that QE would remain at £375 billion ($604 billion, 467 billion euros).
The central bank had been expected to maintain its monetary policy stance after recent data showed the British economy bounced back from a double-dip recession in the third quarter of 2012, helped by the London Olympics.
Minutes of the latest regular monthly meeting, to be published on November 21, will provide the reasoning behind Thursday's decisions.
The BoE had its key lending rate to the current record low level in March 2009, when it also launched its radical QE policy to pump up the British economy with hundreds of billions of pounds.
The bank raised QE by £50 billion to £375 billion in July in a fresh attempt to stimulate lending by retail banks and help prevent economic contagion from the debt crisis in the neighbouring eurozone.
In Frankfurt on Thursday, the European Central Bank was expected to also keep its monetary policy on hold.
Analysts had expected the Bank of England to announce an increase to its QE stimulus at the two-day November meeting but changed tack after data showed Britain had escaped its longest double-dip recession since the 1950s.
"Up until last month, analysts had placed a 70-percent chance on an expansion of QE, but a bounceback in UK GDP, ongoing employment gains, good US data, signs of recovery in China and the aggressive ECB response to the eurozone crisis had seen these expectations plummet to just 40 percent last week," said ING bank economist James Knightley.
British gross domestic product (GDP) rallied by 1.0 percent in the third quarter, or three months to September, after output had contracted for the previous three quarters, recent data showed.
Under QE, the Bank of England creates cash that is used to purchase assets such as government and corporate bonds with the aim of boosting economic activity.