Mark Carney, the governor of the Bank of England has indicated that the central bank is likely to keep interest rates low even after risks of housing bubble or a fall in unemployment.

Carney said that the fall in unemployment will not automatically result in a rise in interest rates in the UK. Carney has indicated that he is not planning to raise interest rates in soon even as the Britain's economic outlook improved over the previous three months. The central bank of the country is set to release fresh forecasts today as it looks to revise its growth outlook and predict lower unemployment and inflation than three months ago.

Experts have said that even as the economic indications are improving, the BoE is not set to increase its interest rates form the record low of 0.5 percent until unemployment falls to 7 percent. Carney launched the "forward guidance" policy in August in the country where he affirmed that the central bank will not cut its interest rate until the unemployment level falls to a certain level.

Carney stressed that the Bank could deal with the threat of a house-price bubble without the need to raise interest rates.