The Bank of England will hold interest rates at record lows once more today, amid speculation it will have to change the threshold for considering a hike in the cost of borrowing within months. Economists predict that the strength of the economic recovery will see Bank governor Mark Carney lower the unemployment target under his forward guidance policy as soon as February to ensure rates remain at rock bottom. Rates have been held at 0.5 per cent for nearly five years now and the Bank pledged last year not to consider a rise until the unemployment rate falls to 7 per cent, at the time predicting this would not be ... (full story)