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Mark Carney changes Bank of England interest rate policy

12 February 2014 Last updated at 21:49 GMT

Falling unemployment and signs of recovery in the UK economy have prompted a change in the Bank of England's interest rate policy, its governor has confirmed.

Mark Carney said the Bank's rate policy will now be determined not just by unemployment, but by a wider range of indicators.

He insisted that the Bank's forward guidance policy "is working" and had helped to secure growth.

Hugh Pym reports.