BoE officials reject criticism of forecast misses

Andrew Bailey
Andrew Bailey
Bank of England

Bank of England officials dismissed criticism from a parliamentary committee that their forecasts had failed to predict the UK’s inflationary surge in a hearing on November 16.

Governor Andrew Bailey argued the BoE could not have predicted most of the shocks that hit the UK economy in the past few years. He also denied that policy-makers had been too slow to respond to inflation.

The governor made the remarks to the UK parliament’s Treasury Committee on the same day that figures indicated a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: