Bank of England needs to re-examine its forecasts

This article published on Wednesday 10 August says that the Bank of England's Monetary Policy Committee is under great pressure to get its forecasts right. It asks whether it's possible we are too reverential when it comes to the Bank's projections.

This article was first published by the Financial Times on Wednesday 10 August 2005. It is re-published with the permission of the author and copyright holder Geoffrey Dicks. The writer is chief UK economist at RBS Financial Markets, London.

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