BoE governor backed more stimulus for UK economy

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LONDON (AP) — Minutes of the last policy meeting of the Bank of England show the governor and two other members of a key committee backed another monetary stimulus to revive Britain's ailing economy.

However, Governor Mervyn King, Paul Fisher and David Miles, were outvoted by the six others, who preferred to keep policy unchanged.

Since 2009, the Bank of England has pumped 375 billion pounds ($579 billion) into the British economy. King and the two others wanted to inject another 25 billion pounds.

There was unanimity, though, in the decision to keep the bank's main interest rate unchanged at the record low of 0.5 percent.

Britain's economy has flatlined over the past year and there are fears it may enter its third recession in four years.