Bank votes against more QE

City A.M. Reporter

The Bank of England voted against more monetary easing today, in what is likely to have been a close-run decision.

The central bank’s Monetary Policy Committee opted not to extend the £375bn of government bonds it bought between March 2009 and October 2012.

It also left interest rates at their record low of 0.5 per cent.

Last month, three policymakers unexpectedly voted to restart the bond-buying programme. Details of the voting at the two-day March meeting, which concluded on Thursday, are only due to be released in two weeks' time.