The Bank of England (BoE) could lower the unemployment target it has said must be reached before it raises interest rates, according to some experts, as jobless figures fall faster than expected.
Bank of England governor Mark Carney has warned on the complications of withdrawing monetary stimulus - just hours before the US Federal Reserve may announce a tapering of its own asset purchase programme.
The Bank of England has maintained interest rates at 0.5% and the size of the asset purchase programme at £375bn.
The mortgage aspect of the Funding for Lending Scheme (FLS) is to be discontinued in light of improved market conditions.
The UK economy is heading in the right direction but there are a "number of years to go" before a full-blown recovery can be called, Bank of England (BoE) chief economist Spencer Dale has said.