Governor of the Bank of England, Mark Carney
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LIVE: Bank of England governor's inflation report

7 August 2013 Last updated at 09:33 BST

The new Governor of the Bank of England, Mark Carney, is presenting his first inflation report and setting out a new strategy of "forward guidance.''

Under the strategy, the Bank will periodically promise to keep interest rates at a particular level, until certain economic conditions are met.