Andrew Bailey said in 2023 that the central bank had ‘very big lessons to learn’ - Yui Mok/Reuters The Bank of England has admitted it has been consistently wrong on inflation for years. Forecasts for both wage growth and inflation had “proved repeatedly too low” since 2022, officials at the Bank said. The findings of its first ever forecast evaluation report will fuel criticism that officials led by Andrew Bailey, the Governor, did not respond quickly enough to sharply rising energy prices following Ru ...