BOE Gov Carney: BOE will only start raising rates once the economy is operating closer to full capacity - BBC interview-
Sees slack remaining in labor market.
- Expects rate rises to be limited and gradual.
- Business investment to be critical in recovery.
- Recent economic strength has been driven by business investment; "What we haven't seen yet is business investment pick up".
- Says: "The path of monetary policy, the path of interest rates is going to be calibrated very carefully to ensure that only when we see sustainable growth in jobs, in incomes and in spending, will we make adjustments."