The Bank of England has decided not to extend its quantitative easing (QE) stimulus programme, which has injected £375bn into the UK financial system.
Under QE, the Bank creates money and uses it to buy mainly government bonds to stimulate the economy.
The Bank's Monetary Policy Committee also decided to keep interest rates at 0.5%, the record low they have been at since March 2009.
The UK came out of recession recently, growing 1% between July and September.
But a succession of poor economic indicators and corporate results has led many observers to believe that the economy is still weak, leading to speculation that more QE would be needed.
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.
On Wednesday, the European Commission cut its 2013 eurozone growth forecast from 1% to just 0.1% and said it expected unemployment to continue rising next year.
As about half of Britain's trade is with Europe, the EC's forecast, if accurate, could have a significant knock-on effect for the stuttering UK economy.
But the jury is out on whether QE is effective enough at stimulating consumer spending and business investment.
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