BOE governor: Interest rates to remain at 0.5 percent until unemployment falls below 7 percent

  • by: DANICA KIRKA , Associated Press
  • Updated: August 7, 2013 - 11:20 AM

LONDON — The Bank of England's new Gov. Mark Carney sought to spur Britain's sluggish recovery Wednesday when he said the central bank will not consider raising its record low interest rate until unemployment falls below 7 percent.

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