BoE to keep rates until 2015

Well, it looks like landlords can sleep soundly for another year. The Bank of England seem to be happy to sever their stated link to unemployment with the raising of base rate.

With unemployment now expected to dip below the original trigger of 7% by March this year, the BoE seem to be ready to ignore that particular line in the sand.

Reporting good economic growth, the BoE  shared concerns over the fragility and balance of the current recovery, with Mark Carney indicating that the current weakness of the economy would not support a interest rate rise before at least 2015.

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