BoE: Unemployment figures drop but wages 'lagging'

Bank of England Governor, Mark Carney, has been speaking at a news conference after the Bank published its quarterly Inflation Report.

Mr Carney informs that whilst unemployment figures have fallen by 6.4% and total hours worked have risen sharply- pay growth has been particularly weak - with earnings rising by only 0.6% in the past year.

With wages lagging, analysts believe interest rates will remain unchanged for now.