Hamish McRae: The Bank is too pessimistic on growth and not gloomy enough on inflatio

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Hamish McRae: The Bank is too pessimistic on growth and not gloomy enough on inflatio

15th November 2007, 03:27:AM

So the risks were indeed on the downside. Back in August, when the previous Inflation Report was published by the Bank of England, it gave a relatively sanguine view of the future but warned that there were risks to that perspective. And so it has proved, for the new report revises its forecasts down for growth and up for inflation.

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Tags: bank, business, forecasts, mcrae

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Hamish McRae: The Bank is too pessimistic on growth and not gloomy enough on inflatio

Hamish McRae: The Bank is too pessimistic on growth and not gloomy enough on inflatio

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