Bank narrowly voted against more QE

AOL Money Staff
Five pound notes
Five pound notes

The Bank of England resisted pumping more cash into the struggling UK economy by the narrowest of margins earlier this month, it has emerged.


Governor Sir Mervyn King was among four members of the Bank's Monetary Policy Committee (MPC) to call for an extension of the UK's quantitative easing scheme but they were outvoted by the five other members.