The outgoing governor of the Bank of England was denied his parting wish for more money-boosting measures this month after being outvoted in his final rate-setting meeting.

Minutes of the monetary policy committee confirmed that Mervyn King bowed out with one last call for another £25 billion of quantitative easing, with colleagues Paul Fisher and David Miles joining him once more.

They believed the case to expand QE to £400 billion remained "compelling" as recovery prospects were still only modest despite recent encouraging economic news and warned over the risk of fresh turmoil in the eurozone, according to the minutes.

However they remained outvoted six to three as the majority of the MPC opted to keep QE on hold at £375 billion, arguing that the recovery was already taking hold following "striking" surveys from the construction, manufacturing and services sectors for May.

The meeting was Sir Mervyn's 194th and capped 16 years of rate-setting at the Bank as he prepares to hand over the reins to successor Mark Carney on 1 July.