BoE gov gives 'forward guidance' on interest rates

Associated Press
BoE gov gives 'forward guidance' on interest rates

FILE -- In a Nov. 8, 2012 file photo Bank of Canada Governor Mark Carney waits to address the Canadian Club in Montreal. The new Bank of England Governor Mark Carney said Wednesday Aug. 7, 2013, the U.K.’s central bank will not consider increasing its record-low interest rate or scaling back its bond-purchasing program until unemployment falls below 7 percent. Carney, delivering his first quarterly inflation report since he became governor, issued "forward guidance" on interest rates currently at 0.5 percent to avoid “unwarranted...expectations.” (AP Photo/ THE CANADIAN PRESS, Ryan Remiorz, File)

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