Carney to reiterate Bank's commitment to low interest

Bank of England governor Mark Carney is expected to reiterate the Bank of England's commitment to keep interest rates low when he addresses regional business leaders in Nottingham later today.

Bank of England governor Mark Carney will address regional business leaders in Nottingham today.
Bank of England governor Mark Carney will address regional business leaders in Nottingham today. Credit: Jason Alden/PA Wire

Mr Carney is set to try and persuade them that conditions are right to start spending money saved during the downturn and end an investment drought acting as a restraint on growth.

The governor is also expected to defend the Bank's tough rules on leverage ratios for lenders amid robust criticism from Business Secretary Vince Cable last month.

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Carney clarifies bank guidance

The Bank of England Governor attempted to shore up his "forward guidance" policy amid signs it is not having the desired effect. During his first regional speech in Nottingham, Mark Carney also compared the UK's productivity to singer Jake Bugg.