Problem with BOE inflation forecast, says Fed Kohn

The Bank of England's forecast round and quarterly Inflation Report don't present a clear picture to policymakers, markets or the wider public, Don Kohn, director of monetary affairs at the US Federal Reserve Board in Washington, said Wednesday.

"The outcome is not precisely defined or clearly understood by the monetary policy committee (MPC) and the public," Kohn said in a report which he was commissioned to carry out by the UK central bank's board of non-executive directors.

"Consequently, th