Arab Today, arab today bank of england any rate rise tied to unemployment
Last Updated : GMT 02:31:13
Arab Today, arab today
Arab Today, arab today

Bank of England: Any rate rise tied to unemployment

Arab Today, arab today

Arab Today, arab 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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