NewsBite

The former bank governor who says forecasting is bogus

The former bank governor who says forecasting is bogus

The former Bank of England governor says economic forecasting is bogus – and offers a salutary warning on the coronavirus crisis.

Mervyn King, formerly the poker-faced governor of the Bank of England, is polite and affable, engaged and sprightly. Ian Tuttle

For a whole decade, almost any word uttered by Mervyn King, the Bank of England governor from 2003 to 2013, had the power to move markets. But it turns out he has unexpected influence over other parts of the economy too.

We’ve arranged to meet at a Notting Hill restaurant called Uli: a modest, and very modestly priced, contemporary Asian joint a stone’s throw from Portobello Road. It’s not far from King’s pad in swanky Holland Park, but he’s chosen it for another reason.

Loading...

Read More

Hans van Leeuwen
Hans van LeeuwenJournalistHans van Leeuwen is The Australian Financial Review’s former Europe correspondent. He is now International Economy editor for The Telegraph UK.

Latest In Economy

Fetching latest articles

Original URL: https://www.afr.com/policy/economy/the-numbers-don-t-add-up-why-mervyn-king-is-done-with-data-crunching-20200319-p54bpw