Central banks use alt data mainly for research
Almost all respondents make use of alternative data in at least one application
More central banks make use of alternative data for research purposes than they do for scenario analysis and macroeconomic forecasting, Economics Benchmarks 2020 shows.
Out of 30 central bank respondents from around the world – half from AE countries, half from EME countries – all but four said they used alt data in some capacity. Three of these four were from EME countries. Forty per cent of respondents used alt data across all three functions described in the survey.
Almost three-quarters of
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