Bank of England's growth and pay forecasts too optimistic – Reuters poll

By Jonathan Cable | LONDON

LONDON The Bank of England’s growth and wage forecasts are too rosy, according to economists polled by Reuters who were divided on what a large Conservative majority in June’s UK election would mean for Britain’s divorce terms from the EU.

BoE Governor Mark Carney said the forecasts hinged on a “smooth” transition to Brexit, as well as a big pick-up in wage growth and stronger exports and investment — things the central bank has predicted before, but which have largely not materialised.

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