london june 20 reuters  the bank of england has a lot to learn from the recent surge in inflation  which outstripped the central banks forecasts  in order to prepare for future shocks that will hit britains economy the head of the boes oversight board said on tuesday we think there are lessons to learn we need to stand back and ask ourselves what can we learn david roberts chair of the boes court of directors told lawmakers in the house of lords who are looking into the banks operational independence governor andrew bailey struck a similar note last month and chief economist huw pill has said there were errors in the way the boe made its forecasts for inflation which surged to above 11 last october and remained close to 9 in april roberts told the economic affairs committee in the house of lords that he had instigated a review of the forecasting process which had been readily agreed to by bailey and other top policymakers at the central bank well have lots more shocks that we need to prepare for he said