Carney rejects accusations of ‘cognitive bias’ at BoE
Parliamentary committee members say BoE relied on inaccurate forecasts before Brexit
Mark Carney sought to defend the Bank of England from accusations of political bias and forecasting errors during an appearance at the UK parliament’s House of Lords on January 30.
Several members of the Economic Affairs Committee accused the BoE of suffering from “cognitive bias” against Brexit, which, they suggested, led policymakers to produce overly pessimistic estimates of the impact of the 2016 vote in favour of leaving the European Union.
The BoE governor denied the lords’ claims. “We
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