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@hippy
it will not consider raising interest rates from their record low until unemployment has fallen to 7% from its 7.7% level
Investors increasingly predict unemployment will drop to 7% sooner than the Bank’s mid-2016 forecast, pricing in interest rate hikes by mid-2015.
http://www.walesonline.co.uk/business/business-news/quick-return-interest-rate-rises-6085842