The Bank of England has kept interest rates on hold and gave no update on whether it may consider changing that position any time soon. While the decision to leave rates at 0.5% was not a surprise there had been speculation the central bank would issue a statement to address the speed at which Britain's unemployment rate is falling towards its threshold for considering a rate hike. But Governor Mark Carney's forward guidance policy was not brought into play this time. The BoE said in August it will not think about raising rates until unemployment falls to 7%. Mr Carney has sought to dampen speculation about an early rate rise, stressing how Britain's economy remains 2% smaller than before the financial crisis, unlike many other industrialised nations which are now bigger than in 2008. He and other policymakers have said repeatedly the 7% threshold is not an automatic trigger for a rate hike.
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