Carney Says No Immediate Need for BOE to Increase Rates
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Bank of England Governor Mark Carney said there’s “no immediate need” to increase borrowing costs and indicated a debate has begun on forward guidance after U.K. unemployment fell faster than anticipated.
Asked if the BOE will lower the 7 percent jobless threshold that’s linked to borrowing costs, Carney told the BBC there are “a broad range of things we could do, I wouldn’t jump to that conclusion. He said any decision will be made by the entire nine-member Monetary Policy Committee and they will review guidance next month.