The Olympic mood was abruptly punctured by Mervyn King as he presented the Bank of England’s Inflation Report last week. Although the lower near-term profile for inflation was good news, this was overshadowed by the big downgrades to the MPC’s forecasts for economic growth. Even so, we don’t think that the Bank’s new forecasts were gloomy enough.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services