wrapper

Bank of England 'has improved' its economic forecasting

Tuesday, Feb 21 2017
Bank of England 'has improved' its economic forecasting

The Bank of England has made "big improvements" in its ability to forecast the UK economy, the Bank's chief economist has told MPs. Andy Haldane made his comment to the Treasury Select Committee. He acknowledged that "sizeable" economic forecasting errors had been made in the past, especially at the time of the 2008 financial crisis. He also said more forecasting errors were likely or possible, though not on the same scale as before.

Mr Haldane was being questioned along with other Bank officials, including governor Mark Carney, about their most recent inflation forecast, which substantially upgraded the Bank's forecast for the UK's economic growth this year.

More in this category: « U.K. Public Sector Net Borrowing -9.82B vs. -14.00B forecast Australian Construction Work Done fell by 0.2% »

Latest from Editor

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.