https://www.bbc.co.uk/news/business-66333092

Ben Bernanke, the former head of the US central bank, is to lead a review of the Bank of England's forecasting.

The appointment comes as the Bank faces criticism for its efforts to control soaring prices and failure to predict their surge.

The Bank once forecast that inflation would peak at 6%. It actually hit 11.1% last year and remains high at 7.9%.

Bank Governor Andrew Bailey said the review would allow the institution to "step back and reflect".