The chart below shows the forecasted price made by analysts compared to the actual Brent oil price outturn.

FORBES: The Case For Higher Crude Prices

Their latest forecast, completed in February, assumed growth in the first quarter of 0.8% - more than double the eventual outturn.

BBC: Slow growth threatens spending

As a recent paper from the Centre for Policy Studies pointed out, between August 2007 and May 2010 the Bank's average forecast for inflation a year ahead was 1.9%, but the average outturn was 3.2%.

BBC: Inflation: Balancing the risks

However, while Mr Yala's public acceptance of the result is welcome on previous occasions he has disputed the outturn, which could potentially have proven damaging given his influence within the army there is still no guarantee that the new president will be able to secure the backing of the army and the co-operation of the government.

ECONOMIST: What next? | The