{"id":2037,"date":"2016-10-06T13:37:56","date_gmt":"2016-10-06T13:37:56","guid":{"rendered":"http:\/\/poseidon-gp.com\/property\/?p=2037"},"modified":"2016-10-06T13:37:56","modified_gmt":"2016-10-06T13:37:56","slug":"its-time-to-drop-the-dead-data-bank-admits","status":"publish","type":"post","link":"https:\/\/poseidon-gp.com\/property\/its-time-to-drop-the-dead-data-bank-admits\/","title":{"rendered":"It\u2019s time to drop the dead data, Bank admits"},"content":{"rendered":"<p>Ben Broadbent accepted that the economy had slowed less than forecast but played down positive figures<br \/>\nRICHARD POHLE FOR THE TIMES<br \/>\nThe Bank of England will be less \u201cdata dependent\u201d when setting interest rates in future because Brexit is likely to dent medium-term growth, even if the weakness does not show up in the short term, according to Ben Broadbent, the deputy governor.<\/p>\n<p>Britain has weathered the shock of the European Union referendum far better than expected, but the real damage will come from companies delaying investment decisions amid uncertainty about long-term trading arrangements, Mr Broadbent told The Times. As a result, rate decisions will be influenced increasingly by judgment rather than hard data.<\/p>\n<p>http:\/\/www.thetimes.co.uk\/edition\/business\/we-cannot-rely-on-data-the-brexit-effect-is-coming-says-bank-deputy-0k8swfk07<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ben Broadbent accepted that the economy had slowed less than forecast but played down positive figures RICHARD POHLE FOR THE TIMES The Bank of England will be less \u201cdata dependent\u201d when setting interest rates in future because Brexit is likely to dent medium-term growth, even if the weakness does not show up in the short [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,1],"tags":[],"class_list":["post-2037","post","type-post","status-publish","format-standard","hentry","category-news","category-uncategorized"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9PjAq-wR","_links":{"self":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/2037","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/comments?post=2037"}],"version-history":[{"count":0,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/posts\/2037\/revisions"}],"wp:attachment":[{"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/media?parent=2037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/categories?post=2037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poseidon-gp.com\/property\/wp-json\/wp\/v2\/tags?post=2037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}