But this is the first time it has added to its QE programme since 2009. There have been recent calls for it to step in again to aid the fragile recovery.
The Bank also held interest rates at the record low of 0.5%.
On Wednesday, data showed the UK economy grew by 0.1% between April and June, which was less than previously thought.
"In the United Kingdom, the path of output has been affected by a number of temporary factors, but the available indicators suggest that the underlying rate of growth has also moderated," the Bank said in a statement.
"The deterioration in the outlook has made it more likely that inflation will undershoot the 2% target in the medium term.
"In the light of that shift in the balance of risks, and in order to keep inflation on track to meet the target over the medium term, the committee judged that it was necessary to inject further monetary stimulus into the economy."
Sterling fell by almost two cents after the announcement to $1.5280, its lowest since late July 2010.
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