BoE reveals details of nowcasting approach

Financial figures

The Bank of England reveals details of its approach to nowcasting global GDP growth in its latest quarterly bulletin.

The BoE uses nowcasts to give it a short-term signal as to where growth is likely to move in the near future, and the results feed into the central bank’s inflation forecasts.

Nowcasting models can give important insights into likely outcomes for key economic indicators. Official statistics on growth are typically published only quarterly and with a lag, so timely estimates of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: