This description also added a condition that both upside and downside risks to economic activity and prices would be examined, and that adjustments would be made as appropriate.5 •  The BOE expressed in August 2013 “[it] intends not to raise Bank Rate from its current level of 0.5 percent at least until . . .
the unemployment rate has fallen to a threshold of 7 percent, subject to the [given] conditions.6 [It also] stands ready to undertake further asset purchases while the unemployment rate remains above 7 percent if it judges that additional monetary stimulus is warranted.