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Carney - Forward Guidance - Key points
00:00, 07 August 2013
CARNEY SAYS BOE IS WATCHING HELP-TO-BUY, HOUSING CLOSELY BOE LINKS INTEREST RATE TO UNEMPLOYMENT WITH 7% THRESHOLD BOE WILL KEEP CURRENT POLICY AT LEAST UNTIL THRESHOLD REACHED BOE SEES 2013 GDP GROWTH 1.5% V 1.2% IN MAY; 2014 2.7% V 1.9% BOE GUIDANCE WON'T HOLD IF CPI SEEN 0.5% OVER 2% IN 18-24 MTHS BOE GUIDANCE WON'T HOLD IF CPI EXPECTATIONS NOT ANCHORED UK will need to create about 750,000 extra jobs before rates rise UK - short end of curve yields lower, but 10 year yields higher.