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Evening Standard
Evening Standard
Business
Simon English

Bank of England told to wise up by former Fed chief Bernanke

Ben Bernanke The Bank of England

THE Bank of England was today handed 12 recommendations to improve its forecasting skills by former US Federal Reserve chair Ben Bernanke.

The Bank, which sets interest rates and aims to control inflation, came under fierce criticism for being too slow to recognise how quickly prices would rise after Russia’s invasion of Ukraine.

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