The Bank of England has held interest rates at 0.5%, marking the 18th consecutive month they have been at this historical low.
Its £200bn quantitative easing programme was also left unchanged.
The nine-strong Monetary Policy Committee's decision to hold rates was widely expected, with the need to support the economy amid fears of a double-dip taking precedence over inflationary fears. The CPI measure of inflation was 3.1% in July.
Inflationary concerns - the current rate is well above the 2% target and there are growing fears of further price rises - prompted committee member Andrew Sentance to vote for a rise in rates to 0.75% for the past three consecutive months.
But lingering doubts about the strength of the economy in the face of pubic sector cuts have prompted analysts to forecast rates will be held at their historical low until next year.
The base rate has now been held at 0.5% since March 2009.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till