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The Bank of England is going to stop relying on data to make decisions

The Bank of England is going to rely less heavily on economic data when making interest rate decisions in the future, according to the bank's deputy governor for monetary policy, Ben Broadbent. Speaking to The Times, Broadbent argued that the impact of Brexit will be felt in the medium-term, but weakness may not show up in the short-term, meaning that the bank will use its judgment rather than putting all its faith in hard data.
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