Page last updated at 16:55 GMT, Thursday, 6 August 2009 17:55 UK

Bank pumps 50bn into economy

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The Bank of England's rate-setters have decided to pump another £50bn of new money into the economy in their programme of quantitative easing.

It will take their total spending to £175bn, unexpectedly going over the £150bn set aside by the chancellor.

Stephanie Flanders reports.

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