King's last MPC meeting: one last turn of the tap?

The outgoing governor, to be replaced by Canadian Mark Carney on 1 July after two decades at the Bank of England, has been calling for an extension to the central bank’s quantitative easing programme. This programme has seen the Bank buy £375bn of government bonds between March 2009 and October 2012. King and two other MPC members want to extend the bank’s asset purchase programme by an extra £25bn, to stimulate the economy. In the minutes of February's MPC meeting, it was revealed King and MPC member Paul Fisher had voted in favour of boosting QE to £400bn, joining lone voice David M...