Bailey says Bank of England review not a ‘blame game’

The Bank of England governor had come under fire for decisions during the UK’s high-inflation crisis

Bailey said: ‘I am not using the word using the word blame…It is not about blame, it is about cause.’

Andrew Bailey has insisted a critical review of the Bank of England's economic forecasting is not about "blame".

The governor has insisted that the UK central bank is ready and willing to learn lessons from a detailed review by Ben Bernanke, the former Federal Reserve chairman.

At a press conference alongside the top economist on Friday, Bailey sought to see off some of the criticisms levelled at him and senior bank staff for failing to ...