bank of england any rate rise tied to unemployment
Last Updated : GMT 09:07:40
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Last Updated : GMT 09:07:40
Egypt Today, egypt today

Bank of England: Any rate rise tied to unemployment

Egypt Today, egypt today

Egypt Today, egypt today Bank of England: Any rate rise tied to unemployment

London - AFP
The Bank of England made a major break with policy on Wednesday, insisting that any rise in its record-low key interest rate would be tied to a drop in Britain's unemployment rate. The BoE said it "intends not to raise Bank Rate from its current level of 0.5 percent at least until... the unemployment rate has fallen to a threshold of seven percent", as new governor Mark Carney noted that "a renewed recovery is now under way" for Britain's economy.
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bank of england any rate rise tied to unemployment bank of england any rate rise tied to unemployment



 
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