BoE – Future Guidance Mark Carney announces super low interest rates for the next three years

Business Advice, Economy, Finance
[caption id="attachment_2142" align="alignleft" width="300"] Mark Carney Bank of England Chief announces record low interest rates[/caption] Mark Carney the new Bank of England Chief breaks with tradition and announces that record low interest rates are to last another three years. Today Mark Carney the Bank of England Chief gave the clearest message yet that interest rates should remain a record low 0.5% for the foreseeable future and at least for the next three years. 'Forward Guidance' as this form of announcement is now described, is subject to the caveat that it will be reviewed should the be a rise in measured inflation above 2.7% or unemployment falls below 7% What does this mean for businesses and households across the country? Whilst this is may not seem good news for savers…
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