DAVOS, Switzerland Jan 25 Exceptional policy
stimulus remains very relevant for the British economy and even
when the central bank raises interest rates it will do so
gradually, Bank of England Governor Mark Carney said on
"I am not signalling an exit of UK monetary policy here just
to be clear," he told the World Economic Forum in Davos.
"I have already given some additional guidance on monetary
policy and said there is no immediate need to raise interest
rates. Even when that point comes which could be, well I won't
put a timeline, the increase would be gradual."
Highlighting the challenges facing the British economy, he
added: "In that environment exceptional stimulus remains very