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
Rain will affect many northern areas at first, pushing further south through the day.
Train operating companies are failing to properly inform passengers about their rights, according to Which?
The average house price in a UK city has surged by nearly a third over the last five years, a shocking report has found.