Eroding trust in data leaves policymakers in a bind

In recent months there has been a growing number of question marks over the accuracy of key economic data. As a result, it’s more important than usual to not put too much weight on any one indicator and instead consider all the data in the round. It also means policymakers are more likely to tread carefully and it adds to the incentive for the Bank of England to keep interest rates on hold at 5.25% at the policy meeting on Thursday.  

We'll be discussing the latest Fed, ECB and Bank of England policy decisions in a Drop-In at 3pm GMT on Thursday 2nd November. (Register here.)