Bank of England faces fresh embarrassment as tears up its forecasts | Larry Elliott

Mark Carney and colleagues have been taken by surprise by the economy's strong performance despite the Brexit vote

The Bank of England's inflation report was supposed to be a dull affair. The City thought the quarterly health check of the UK economy would be a bit of a yawn.

Big misjudgment, as it happens.

Related: Bank of England sharply raises UK growth forecast