The Bank of England is not much cop at forecasting what will happen to the economy. But even by its own standards, it has got the post-referendum economy badly wrong. If the Bank had been right, the UK would have been a whisker away from a technical recession in the second half of the year. Bank of England signals further rate cuts unlikely and lifts 2017 growth forecast Read moreThere is, though, a case for the defence. Even a stopped clock is right twice a day and for the Bank this might be one of those times.

Source: The Guardian November 03, 2016 12:52 UTC