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Financial Times - BoE has very big lessons to learn after failing to spot persistent high inflation

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The Financial Times’ main story is that the governor of the Bank of England has conceded there are “very big lessons to learn” after the central bank failed to forecast the persistently high inflation of the last 18 months. Speaking before the House of Commons Treasury Select Committee on Tuesday, Andrew Bailey said the Bank had taken a “conscious decision” to reduce the role of its forecasting model when setting interest rates because the model was not delivering sufficiently accurate results.

The most captivating image on the front page of the Financial Times is a protester being hauled away from Shell’s annual meeting. Climate demonstrators disrupted the event.

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When Russian propaganda mimics French news to spread disinformation

For several months, at least six fake anti-Ukraine covers of the French satirical weekly Charlie Hebdo have been circulating online, especially on Russian Telegram channels. Now a fake news report, attributed to French media outlet 20 Minutes, falsely accuses Russian independent journalist Ilya Ber of being behind these Charlie Hebdo covers. We debunk this false news report in this edition of Truth or Fake.

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