Published on 24th June 2014
1630: Close The FTSE 100 ended down 13.49 points to 6787.07 as Bank of England Governor said today that interest rates will remain “materially below” the 5% historical average in two to three years’ time despite a robust recovery in employment and economic growth. BoE Deputy Governor Charlie Bean said the UK is gradually moving towards the point of tighter monetary policy, but the timing will depend on how the economy pans out. Meanwhile, the Iraq crisis continued to weigh on stocks as US Secretary of State John Kerry promised “intense and sustained” support to Iraq during his visit to the Kurdish region.