Bank of England Acknowledges Flaws in Forecasting Amidst Inflation Crisis
28 June 2023
1914
Revamping Predictions Bank of England's chief economist, Huw Pill, acknowledges forecasting model's failure in addressing Britain's inflation crisis due to inadequate assessment of Ukraine war's impact on prices and wages. Inadequate Forecasting Mo...
Rishi Sunak Acknowledges Bank of England's Role in Inflation Control
23 June 2023
2022
Britain's Mortgage Crisis Britain's mortgage crisis has prompted government action, but concerns remain over the effectiveness of the response. Meeting with Jeremy Hunt In a high-stakes meeting, Jeremy Hunt hosted executives and regulators to addr...
Andrew Bailey says there is no pain way out of the crisis in UK's economy
3 November 2022
2157
Economic crisis There is no way out of the current crisis in the British economy painlessly and with minimal losses. This statement was made on Thursday by the Governor of the Bank of England, Andrew John Bailey, at a press conference in London. "I...
Andrew Bailey suggests that next month's key rate hike will be higher than expected
15 October 2022
2343
Key rate The Bank of England intends to resort to a more radical than planned key rate hike in response to the current difficult situation in the UK economy. The regulator's governor Andrew John Bailey said this, according to Sky News television on ...
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