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 government bonds to try to stimulate the economy.
The Bank's Monetary Policy Committee (MPC) also decided to keep interest rates at 0.5%, the record low they have been held at since March 2009.
The UK came out of recession recently, growing 1% between July and September.
The strong rebound, which was helped by tourist spending during the Summer Olympics, followed nine months of modest economic contraction.
However, recent data suggests the economy remains finely balanced between growth and recession. Retail sales were revealed last month to have fallen a faster-than-expected 0.8% in October.
Some economists have questioned the effectiveness of the Bank's QE policy, suggesting that it does little more than replace one low-risk asset on banks' balance sheets - government debt - with another even lower-risk asset - a deposit at the Bank of England - and has failed to induce the banks to lend more.
In response, the Bank has instituted the Funding for Lending scheme, which aims to subsidise lending by banks to businesses and households, and which came into operation last month.
The European Central Bank is due to announce its own interest rate decision later.
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