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The Bank left the scale of its quantitative easing (QE) programme to boost the money supply unchanged at £375 billion.
The Bank of England kept the interest rate at 0.5% today.
Chancellor George Osborne has told Daybreak that the he needs time to sort out the country's economic problems.
He said: "I'm not going to pretend that these problems will be solved overnight. They were many years in the making. We're making progress but it's going to take longer."
The Chancellor has told Daybreak that the welfare system must be "fairer to working people and to those who want to get a job but find that it pays to stay on benefits."
With Britain set to miss its debt target, the international ratings agency Fitch warned our top credit rating of AAA could be at risk. But, despite the warning, George Osborne said it wasn't the only measure of a country's financial health.
Chancellor George Osborne has told Daybreak that the prospect of six more years of austerity was a price the country had to pay.
Speaking to ITV1's Daybreak, the Chancellor George Osborne said the prospect of six more years of austerity was a price the country had to pay.
Shadow Chancellor Ed Balls has told Daybreak that Labour would "repeat the the bank bonus tax and guarantee a job for every young person out of work for a year."
Shadow Chancellor Ed Balls has told Daybreak that George Osborne's growth plan is "irresponsible and unfair."
He added: "I've always said, there's got to be tax rises. spending cuts and pay restraint.
"You should do it in a steady and imbalanced way once the economy is secure."
Latest ITV News reports
Britain may face further cuts and tax rises even after the next elections, the Institute for Fiscal Studies warned today.
While Chancellor George Osborne's Autumn Statement was mainly about spending cuts, there were incentives too but do the numbers add up?