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Monthly Archives: August 2013
Mark Carney the new Bank of England Chief breaks with tradition and announces that record low interest rates are to last another three years. Today Mark Carney the Bank of England Chief gave the clearest message yet that interest rates should remain a record low 0.5% for the foreseeable future and at least for the next three years. ‘Forward Guidance’ as this form of announcement is now described, is subject to the caveat that it will be reviewed should the be a rise in measured inflation above 2.7% or unemployment falls below 7% What does this mean for businesses and … Read More