The Bank of England made “persistent and systematic” errors in its forecasts about inflation, one of its policymakers has said.
Asian and European stock markets were rising on Friday, taking their lead from the U.S. market and its rise on the back of the latest jobless claims data. Hong Kong’s Hang Seng Index closed up 2.3%. Japan’s Nikkei 225 rose 0.4%, and South Korea’s KOSPI Composite Index gained 0.6%.
US stocks opened higher after economic data this week supported bets of interest rate cuts.