Bank of England to Print £150bn
March 6, 2009
The Guardian reports that the Bank of England, having exhausted lowering interest rates to the point of 0.5% (the lowest rate in the Bank’s 315-year history), has been authorized by chancellor Alistair Darling to increase the money supply to the tune of roughly 10% of the nation’s annual economic output, £150 billion ($211bn USD).
Not wanting [...]