Bank of England's Forecasting Methods Critiqued in Independent Assessment.

Bank of England’s Forecasting Methods Critiqued in Independent Assessment.

An independent report, led by former US Federal Reserve Chair Ben Bernanke, has cast a critical eye on the Bank of England’s forecasting practices, particularly regarding inflation and interest rate trajectories. Bernanke’s assessment suggests that the Bank’s reliance on outdated methodologies and a lack of transparent communication have led to significant shortcomings in its recent…

Read More