The Guardian Online: Bank of England: No Interest Rate Rises Till Unemployment Drops To 7% - As It Happened
Tue 06 Aug 2013
In the end it was Mark Carney's day. The new governor of the Bank of England announced that interest rates will stay at record lows until unemployment falls to 7% - an unprecedented bit of forward planning that divided economists.
Marsh & Parsons, which has more than a dozen offices across the wealthier parts of London, says Carney has "given the UK's housing market a significant boost."