Carney: Some recent data aligns with the BOE's upgraded forecasts

Author: Ryan Littlestone | Category: Central Banks

Carney on forecasting ineptitude

  • Growth is likely to slow this year
  • We're starting to get a more notable increase in inflation
  • The economy is growing more strongly and that's positive

He's been asked about the Haldane comments and how forecasters didn't predict the crisis and so how can we believe forecasts for Brexit.

Carney replied that there's a big difference trying to forecast something like the crisis versus something that will happen over a much shorter timeline.

Again, this is all hindsight stuff. I want to know what protections are in place going forwards, not how things should have been done previously. 

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