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'Once in a generation' review reveals why Bank of England keeps getting its forecasts wrong

Sky News Friday, 12 April 2024
Poor software and bias toward making only small, sequential changes is one of the reasons economic forecasters at the Bank of England failed to predict and prepare for the cost of living crisis, brought about by high inflation, according to a "once in a generation" review.
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Bank of England Bank of England Central bank of the United Kingdom

Starmer has a battle on his hands - but when it's green v growth, there's only one winner

 Keir Starmer was touring the UK National Nuclear Laboratory in Preston when the Bank of England halved its 2025 growth forecast, cut interest rates for the third..
Sky News
Bank of England cuts interest rates to 4.5% [Video]

Bank of England cuts interest rates to 4.5%

The Bank of England has cut interest rates to 4.5%, down from 4.75%. That means the interest rate is at its lowest level since June 2023, meaning the cost of borrowing has fallen to its lowest point in more than 18 months. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:46Published

Interest rate cut - but economic growth forecast slashed in blow to chancellor

 The Bank of England has cut interest rates by another quarter percentage point, bringing down the cost of borrowing to 4.5%.
Sky News

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