The Bank of England has chosen the former head of the US Federal Reserve to lead an in-depth review into forecasting errors that have seen Threadneedle Street persistently underestimate both inflation and growth.
In a sign of the growing pressure on the Bank following 13 successive interest rate increases since December 2021, its governing court has picked Ben Bernanke, one of the biggest names in central banking, to lead a review that was first announced last month.
