Bank of England faces urgent overhaul over laggardly inflation response

The upper house of the UK Parliament, the House of Lords, has released a report on the Bank of England that examines the Bank's response to rising inflation.UK inflation began to rise in 2020 and, eventually, the Bank raised its cash rate ("Bank Rate") 14 times. The Economic Affairs Committee of the Lords says significant reform is needed at the Bank: policymakers too slow to respondpolicymakers too reliant on inadequate forecasting modelsThe Financial Times have a piece, gated but here is the link if you can access it. This article was written by Eamonn Sheridan at www.forexlive.com.

Hence then, the article about bank of england faces urgent overhaul over laggardly inflation response inadaquate was published today ( Monday 27/11/2023 - 03:20 AM ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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Last updated : 27 Nov 2023 clock 03:20 AM

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