Mark Carney changes Bank of England interest rate policy
Falling unemployment and signs of recovery in the UK economy have prompted a change in the Bank of England's interest rate policy, its governor has confirmed.
Mark Carney said the Bank's rate policy will now be determined not just by unemployment, but by a wider range of indicators.
He insisted that the Bank's forward guidance policy "is working" and had helped to secure growth.
Hugh Pym reports.
12 Feb 2014
- From the section Business