What’s the interest rate on this account? rice sildenaflex viagra alternative A whole range. It could raise interest rates – this has been a traditional way to quell inflationary pressures. However the current Bank governor, Mark Carney, has said he won’t raise interest rates until the unemployment rate has fallen to 7% or below. Given that current unemployment is 7.7% and falling only slowly, most economists have seen this as an indication that interest rates won’t rise until mid-2015.