"Some people are running ahead of themselves, saying that we are pre-announcing or laying the ground for a rate rise," he said at the Inflation Report press conference.

While Raghavan stressed that he was not "pre-announcing" any product plans, he said his comments were intended to paint a picture of some of the things that Yahoo is considering in its new form.

"I believe being able to speak English should be a pre-requisite for anyone who wants to settle here," said Home Secretary Theresa May, announcing the new measures.