Jonathan Jones

The Bank of England: no Paul the Octopus

When challenged on the Bank of England’s poor record of economic forecasting by Ed Conway of Sky News this morning, Mervyn King said:

‘This isn’t a spot the ball contest where you’re trying to hit one point on the picture. This is a question of assessing the balance of risks… 

We don’t pretend to have a crystal ball to see the future.

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