Economics
BOE Agents Help Policy Makers See Through Brexit Economic Noise
- Network of regional contacts gives insight sooner than data
- References to reports appear more frequently in decisions
The Bank of England, center, stands in the City of London square mile financial district in London, U.K.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
The Bank of England’s network of eyes and ears across the U.K. is increasingly being tapped for economic clues as Brexit distorts the headline indicators.
With the impact of stockpiling and shutdowns prompting volatile swings in some reports, policy makers have highlighted the need to look through the noise at a time of “highly elevated uncertainty.”