By Marcus Leach
The Bank of England's Monetary Policy Committee (MPC) have opted against injecting fresh stimulus into the UK economy, leaving the current rate of quantitative easing at £375 billion.
The MPC also decided to keep interest rates at 0.5%, the record low they have been at since March 2009.
Data released last week showed that the UK came out of recession recently, growing 1% between July and September. However, despite this many analysts expected fresh stimulus.
Indeed, minutes of the MPC meeting in September showed that some members thought more QE was "more likely than not to be needed in due course", while one member thought there was a "good case" for more QE immediately.
Jason Conibear, trading director, forex specialists Cambridge Mercantile, questioned the benefits of fresh stimulus.
"There are a growing number of question marks surrounding the effectiveness of QE and so the decision not to print was expected," he said.
"It's way to early to say this will signal the end of money-printing, as the UK's economic position remains highly uncertain.
"But there's a strong feeling that QE has caused more problems than it was originally intended to solve – not least the devastation it has inflicted on savers and pensioners.
"Recently, there have been calls for rates to be slowly ratcheted up to take us back to a more normal interest rate environment.
"Consumers and businesses, however, are still very delicate and if rates go up too soon or too quickly, the economy could fall like a pack of cards.
"Moving forward, expect to see stimulus come in the form of more tangible initiatives such as Funding for Lending, where the effects are infinitely more measurable."
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