Bank's MPC wants money levers to hit target

The Bank of England's Monetary Policy Committee has unanimously called for the use of tools to boost the money supply to meet its inflation target, minutes of its latest rate vote reveal.

All nine members of the committee called for Mervyn King, the governor of the Bank, to write to the chancellor asking for the tools necessary to facilitate quantitative and credit easing, saying "it seemed unlikely that the inflation target could be met solely by cutting bank rate."

The chancellor, Alistair