DeAnne Julius: Carney to 'broaden labour market analysis'

Bank of England governor Mark Carney is set to overhaul his flagship forward guidance policy on interest rates after just six months.

Dame DeAnne Julius, founder member of the bank's Monetary Policy Committee, told BBC Radio 4's Today programme that Mr Carney's message over interest rates "needs to change", although stated that the governor's forward guidance policy was "right" at the time it was introduced.

She added that the governor and the Monetary Policy Committee are now likely "to broaden their analysis of the labour market" beyond just the unemployment rate.

First broadcast on BBC Radio 4's Today programme on Wednesday 12 February.