BoE's Haldane admits forecasting errors in run-up to Brexit

Predicted economic shock

clock • 2 min read

Andrew Haldane, chief economist at the Bank of England, has admitted the central bank misjudged the impact of the Brexit vote on the UK economy.

The Bank came under strong criticism for its role in 'Project Fear' in the run-up to the European referendum, forecasting a dramatic economic slowdown if voters elected to leave the EU. However,...

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