Search: MPC stimulus meeting
The Bank of England is expected to hold fire on further recession-busting measures after pumping £200 billion in newly created money into the economy.
The Monetary Policy Committee (MPC) finished the latest round of its quantitative easing (QE) efforts last week and economists believe it will shift into "wait-and-see" mode to judge the strength of the recovery.
The Bank began QE in March last year when interest rates were cut to a record low of 0.5%. The MPC is also expected to leave rates unchanged at the meeting.
But experts have said there is still an outside chance of more QE following the UK's crawl out of its longest ever recession in the final three months of 2009.
Growth was a far lower than expected 0.1%, prompting fears that the UK could slide back into a "double-dip" recession.
Figures from the UK's powerhouse services sector showed growth slowed sharply last month after snow disruption, underlining the economy's volatile path towards recovery.
Bank Governor Mervyn King has said the MPC is waiting for "race conditions to become clearer", but JP Morgan economist Allan Monks said there is a "25% chance" the committee could opt for more QE.
Advertisement starts
Advertisement ends
He expects the MPC to "keep the option of further extension of QE, if needed, on the table".
Any more QE is likely to cause splits on the MPC, however, with Consumer Prices Index inflation jumping at a record rate to 2.9% in December - well above the Bank's 2% target.
Committee hawks are worried about the return of inflation following a stronger than expected recovery, although the weakness of the banking sector and credit availability is acting as a headwind.
