Parliament should investigate why the BoE failed to predict inflation
Matthew Lesh comments for The Express
IEA research referenced in The Mail
Julian Jessop comments for The Mail
Julian argued that a parliamentary inquiry would be beneficial and commented:
“The Bank’s failure to predict that inflation would take off was a massive error, with huge costs to the economy and people’s wellbeing. Of course, the Bank was far from alone here.”
“But a parliamentary investigation would be another opportunity to explore specific problems in the UK, including the lack of attention to the monetary drivers of inflation.”
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