Mark Carney says interest rate hike 'taken off the table'

BoE governor insists fast-recovering job market won't force the central bank's hand on rates

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(Image credit: Getty Images)

THE prospect of an early interest rate rise due to the economic recovery has been "taken off the table", The Times reports.

Speaking at the World Economic Forum in Davos, Bank of England governor Mark Carney said there was "no immediate need" to increase rates despite sharper than expected fall in unemployment to 7.1 per cent. Carney added that any shift in rates would be gradual, the paper says.

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