Is The Bank of England Broken?
Many Happy Returns
Bank of England's Forecasting Accuracy and Challenges
The chapter evaluates the Bank of England's forecasting accuracy post-pandemic and its comparison with other central banks. It discusses the bank's response to inflation spikes, public perception, and challenges faced in economic forecasting, including the impact of geopolitical events. The conversation emphasizes the importance of human judgment, market expectations, and transparent communication for effective decision-making by the Bank of England.
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