Will King ease his way over the finish line?

Economists are speculating the outgoing Governor of the Bank of England, Mervyn King, will greenlight one more round of quantitative easing before he steps down in June.

The Bank's Monetary Policy Committee - headed by King - held back from an expansion of quantitative easing today, leaving the stimulus package at £375bn despite a contraction in GDP in Q4. 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 Miles in calling for an additional £25bn of stimulus. Prior to the announcement, markets were split 50/50 over the prospect of more QE this month, and the expectation is growing that the outgoing Chancellor - who is being replaced by Canadia...