London - AFP
The Bank of England made a major break with policy on Wednesday, insisting that any rise in its record-low key interest rate would be tied to a drop in Britain\'s unemployment rate. The BoE said it \"intends not to raise Bank Rate from its current level of 0.5 percent at least until... the unemployment rate has fallen to a threshold of seven percent\", as new governor Mark Carney noted that \"a renewed recovery is now under way\" for Britain\'s economy.