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We are unlikely to spot next financial crisis, Bank of England official says

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in World Economy

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MPC member Gertjan Vlieghe tells MPs that central bank’s financial models ‘are just not that good’ for predicting even a recession

Phillip Inman

Tuesday 21 February 2017 14.55 GMT

3000.jpg?w=700&q=55&auto=format&usm=12&fit=max&s=ce69773553816a1da09568baeb9adafe
Customers queuing to withdraw savings from Northern Rock at the onset of the 2007 financial crisis. The troubled building society was later nationalised.
Photograph: Cate Gillon/Getty Images
 
 
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