Jobs and inflation link to rates?

Press Association

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Mark Carney
Mark Carney

Money-printing and interest rate hikes may soon depend on queues at the job centre as new Bank of England governor Mark Carney prepares to usher in an era of "forward guidance" on economic stimulus.

The Bank will respond today to Chancellor George Osborne's request to consider "unconventional" tools to boost the economy alongside its quarterly inflation report - with Mr Carney expected to introduce a new policy of pinning stimulus to economic milestones.