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Former Federal Reserve chief Ben Bernanke is set to outline reforms for the Bank of England, highlighting serious deficiencies in the central bank's economic forecasting model. The UK economy shows signs of growth, with the Bank of England urged to revamp its outdated inflation forecasting model following Bernanke's review.
š„ļø The stunning shortcomings holding back the Bank of England: āOut of dateā IT systems one of several critical flaws exposed in review https://t.co/wn5MyfCWyG
š¬š§ UK takes another step on path out of recession as GDP rises https://t.co/WXaTIZBIZj
āForecasting for monetary policy making and communication at the Bank of England: a reviewā by Ben Bernanke via @BankofEngland https://t.co/VZ9MQX7wKf