The Bank of England has resisted pressure to inject billions of pounds into the economy, dashing hopes of a fresh round of stimulus to drive a recovery. The monetary policy committee voted against expanding its £375bn quantitative easing (QE) programme and kept interest rates at their historic low of 0.5%. That suggests outgoing bank governor, Sir Mervyn King, was outvoted for the second month running. At the February MPC meeting, King and two others voted to increase QE by £25bn to £400bn. More than 40% of economists were expecting the bank to add to its bond-buying program and noises emerging from the MPC this week ... (full story)