BoE to maintain 0.5pc interest rate till jobless rate dips to 7pc

LONDON – Bank of England governor Mark Carney Wednesday said interest rates will be maintained at current levels of 0.5 percent until the jobless rate has fallen to 7 percent or below from current levels of 7.8 percent. Confirming the introduction of ‘forward guidance’, a policy intended to provide more certainty for still-struggling households and businesses that rates will stay lower for …

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