Bank of England Under Fire over Its Handling of Economy

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With the central bank’s monetary policy committee set to raise rates for the fifth time in six months on Thursday – to 1.25 percent or even 1.5 percent under some forecasts – critics accused it of talking down the economy with its doom-laden warnings, The Daily Mail reported.

Dr Savvas Savouri, chief economist at Toscafund, accused the Bank of “hyperbolic and entirely unjustified talk of recession, indeed stagflation”.




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