Forward motion

Ray, Devraj
February 2014
Money Marketing;2/20/2014, p22
The article reports that homeowners in Great Britain should bag fixed-rate deals while they still can, according to brokers, despite the Bank of England's widened forward guidance. Bank of England Governor Mark Carney used his quarterly inflation report in February 2014 to shift the goal posts of forward guidance. Carney said the Bank would keep its easing programme until the first growth in the base rate. Unemployment dropped from 7.8 percent in August 2013 to 7.1 percent in January 2014.


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