All eyes will turn to the Bank of England this week as economists and investors brace for any fresh indication on when interest rates are likely to go up. The cost of borrowing has been pegged at a record low of 0.5 per cent since March 2009 and rates have not risen since July 2007. The Bank of England has given mixed signals over the past year about whether a rise in interest rates would be pegged to measures such as a fall in unemployment, spare capacity in the economy or a rise in average wages. Concern about these confused messages from the Bank’s governor, Mark Carney, has been a feature of his first year in ... (full story)