The Bank of England Kept Interest Rates At 0.5 Percentage

The Bank of England has said it plans to keep interest rates at a record low of 0.5%, to help stimulate economic recovery in the UK. Mark - Carney, Bank of England governor said the central bank is likely even at the risk of a housing bubble or a drop in the unemployment rate, to maintain low interest rates.
Carney said the decline in unemployment will not automatically lead to rising interest rates in the UK.

Carney said he did not intend to increase rapidly, even as Britain's economic prospects improve, interest rates compared with the previous three months. The country's central bank, today announced a new set of forecasts, as it looks to modify its growth prospects, and more than three months ago, low unemployment and inflation forecasts.

Some experts said that even if the signs in the economy is improving, the BOE has not set a record low of 0.5% in order to increase its interest rate formation until the unemployment rate fell to 7 percent. Carney launched the "forward guidance" policy of the country in August, he certainly until the unemployment rate drops to a certain level, the central bank will not cut interest rates.