04:17
Tieng Anh Vui
The Bank of England has kept its stimulus programme of quantitative easing (QE) unchanged and also held interest rates at 0.5%.
The decision, at the last Monetary Policy Committee meeting chaired by Sir Mervyn King, was widely expected.
Most analysts do not expect any change in policy until the new Bank governor, Mark Carney, arrives in July.
The MPC has been split in recent months over whether to increase QE from its current level of £375bn.
Three of the nine MPC members - including Sir Mervyn - have voted for an extra £25bn of QE at recent meetings.
Recent economic data have painted a mixed picture of the UK economy. Official figures showed retail sales fell in April, while unemployment rose in the three months to March.
However, surveys of the services, construction and manufacturing industries this month have all pointed to a strong recent pick-up in activity.
Last month the Bank upgraded its own forecast for growth.
Inflation has also remained more subdued than expected, with the increase in consumer prices falling to 2.4% in April, albeit still above the Bank's target of 2%.
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