Bank begins £150 billion money-supply boost

The Bank of England on Thursday said it would boost the money supply by up to £150 billion ($211 billion) in a bid to revive the health of Britain's ailing economy. The Bank's Monetary Policy Committee also cut rates to a fresh all-time low of 0.5%.

The Bank said that even with rates at their lowest level in the institution's 315-year history, there was still "a substantial risk of undershooting the 2% inflation target."

This risk, the Bank said, necessitated further monetary actions "with the

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