The certainty the Governor of the BoE was trying to give borrowers by tying an increase in interest rates to unemployment has gone.
The Bank of England Governor has stepped in to try to reassure borrowers that interest rates will stay at very low levels for "some time”.
The former Co-op bank chairman faces five investigations. But by the time the City watchdog's inquiry reports the row may be all forgotten.
A little over one quarter of homeowners say they would face serious financial difficulty if interest rates rose, according to an ITV News index carried out by Comres.
50% disagreed with the statement, while 24% said they didn't know.
One third (35%) of those polled said that if there was an increase in interest rates, it would have little effect on their finances. 49% disagreed with the statement, while 16% didn't know..
ComRes interviewed 2,043 British adults as part of the poll.
Economics Editor Richard Edgar is in Edinburgh for the Bank of England Governor's speech on how a newly-independent Scotland could still retain sterling:
Key message from Carney: "a durable, successful currency union requires some ceding of national sovereignty."
Tough decisions on giving up sovereignty to be made both by Scots ... and rest of UK.
The Bank of England Governor has warned that a newly-independent Scotland would be forced to hand over some national sovereignty if it wanted to keep the pound.
But Mark Carney appeared to step back from getting involved in the political row oer independence, saying: "Decisions that cede sovereignty and limit autonomy are rightly choices for elected governments and involve considerations beyond mere economics.
"For those considerations, others are better placed to comment."
First Minister Alex Salmond has confirmed that talks with the Bank of England governor Mark Carney over a currency union if Scotland wins independence will continue in the run-up to the referendum.
Mr Salmond held talks with Mr Carney in a private meeting today, but the First Minister said afterwards: "I was delighted to welcome the new Bank of England governor to Edinburgh on his first official visit to Scotland since his appointment.
"We greatly value our strong working relationship with the Bank of England and its commitment to operational independence and impartiality in political debate.
"The discussion was private but I welcome that the governor has confirmed his willingness to continue technical discussions, inaugurated by his predecessor Lord King, between the Scottish Government and the Bank of England in advance of the referendum."
ITV News Economics Editor Richard Edgar is listening to the Bank of England Governor Mark Carney at the World Economic Forum in Davos:
Mark Carney speaking in Davos says the Bank of England will decide how to "evolve" forward guidance next month. #WEF14
Carney says "the degree of stimulus will remain exceptional for some time" so low interest rates until the economy reaches "escape velocity"
Bank of England Governor Mark Carney has said "there is no immediate need to increase interest rates".
His comments come as UK unemployment fell to 7.1% - very close to the 7% figure at which the bank previously said it will consider raising interest rates.
Carney told BBC Newsnight the interest rate rise would be looked at in next month's inflation report but it is important to look at the labour market as a whole, not just one indicator.
Asked if he would be announcing a new threshold rate for unemployment, he said that it was "really about overall conditions in the whole labour market",
He added: "The worst of the crisis is behind us but the financial system is not functioning as well as it could. Uncertainty among households and businesses is still preventing investment."
Shadow Business Secretary Chuka Umunna has said the Bank of England Governor should not be involved in big political matters after he said he did not support the view that a cap on banks' market share would improve competition.
Labour leader Ed Miliband is expected to pledge that he will refer high street banks to the competition authorities if his party wins the next general election in 2015, in a speech today.
Mr Umunna said “I think it’s not healthy for us to involve governors of the Bank of England in big political debates and I don’t want to drag him into that", the Times reports.
He also suggested Mark Carney had only expressed his view after being asked a "leading question".
"He was asked a leading question by a Conservative MP who put it to him whether crude market caps on the share of a market that banks have are a good thing or not.
"We’re not proposing a crude or arbitrary market cap, we’re proposing something that would be set by the independent Competition and Markets Authority". he added.
Ed Miliband is expected to pledge that he will refer high street banks to the competition authorities if Labour wins the next general election in 2015, in a speech today.
His stance contrasts with that of Bank of England governor Mark Carney who has said that a cap on banks' market share "would not result in substantial improvement to competition".
Earlier this week, Mr Carney told the Commons Treasury Committee: "Just breaking up an institution doesn't necessarily create or enable a more intensive competitive structure."
The new Bank of England governor, Mark Carney, has expressed his concern about the lack of new homes being built in the UK citing that there is a strong demand among would-be buyers to get on the property ladder.
It is hoped that strategic decisions made now to try to control mortgage lending will avoid the need for severe and drastic policy actions to be taken if there is a boom-bust in the property market.
Mortgage approvals are running at levels not seen since Northern Rock was nationalised in February 2008.
– The new Bank of England governor Mark Carney speaking in an interview with the Guardian
The right way to do policy - to protect against the boom and bust cycles - is to act early in a graduated, proportionate way and that reduces the probability of having to act in a bigger way later.