Bank of England governor hints at interest rate cut

World's central banks running out of options to stimulate economies - Mark Carney

Mark Carney has dropped a hint that interest rates could be cut soon to boost the British economy, while warning that the Bank of England is running low on ways to combat recessions.

In one of his final speeches before he departs Threadneedle Street in March, Carney said the economy had been sluggish in recent months and that inflation was below the Bank's 2% target set by the government.

Related: Pound slides as Bank of England's Mark Carney drops rate cut hint - business live