BoE staff find uneven policy transmission across businesses
Survey findings suggest larger firms with high productivity and borrowing have better access to data
Firms with higher productivity and borrowing are better at forecasting policy rates, Bank of England staff have found.
In a blog post on August 20, authors Nicholas Bloom, Philip Bunn, Lea Havemeister, Paul Mizen, Gregory Thwaites and Ivan Yotzov present new data on monetary policy transmission. Their findings draw on a survey about UK businesses’ perceptions and expectations of BoE rates.
Since November 2024, the bank’s monthly decision-maker panel survey has included a question about firms’
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