Interest rates are "likely to remain low for some time" but the UK has "edged closer" to a rise, Bank of England Governor Mark Carney told ITV News' Economics Editor Richard Edgar.
He added that "today is not the day" to rise interest rates and the exact timing of the first rise "will be a product of the evolution of the economy".
More top news
Nine people have been killed at an old people's home and more than 1,000 others forced to flee their homes after a typhoon hit Japan.
Mr Jackson, 30, suffered severe head injuries after he tried to shield Mia Ayliffe-Chung during a knife attack in Queensland.
Man's best friend really does understand some of what we are saying, scientists are suggesting.