Mark Carney, the governor of the Bank of England has assured investors and borrowers in the country that the interest rates would remain low in the country until the economy shows strong signs of recovery.

The central bank under his leadership has indicated that the bowing costs will be maintained at lower levels until economy returns to high growth trajectory. Carney is aiming to convince investors and businesses that the interest rates will not be increased as the recovery remains volatile. He indicated that the central bank will not increase interest rates until some targets are met, suggesting that the liberal monetary policy will remain intact in the country for some time.

Carney may back continuing British QE and hold rates until unemployment falls below a determined level. UK unemployment has been between 7.7 and 7.9 per cent for the previous nine months and this means that the central bank will continue to keep the interest rates low. George Osborne has asked the central bank to review the Bank's remit to maintain inflation at 2 per cent and consider if a larger criteria will allow the monetary policy committee to consider more measures while setting interest rates.

Prime Minister David Cameron has chosen Carney at a time when the UK's economy is facing slow growth and serious concerns over cuts and borrowing.