But my focus today will be on the intelligence we gather from financial markets. Let me start by expanding on the significance of the Bank’s market intelligence. I will then explain how we gather it and how that has evolved. Finally, I will share with you what we are learning and how we use what we learn.
Our need to know The market intelligence we gather is a critical complement to our analytical work. Often, in 1/7  BIS central bankers' speeches  interpreting data, or through our modelling, we develop a view about the future direction of the economy or inflation. Our intelligence work then offers us an opportunity to corroborate or, occasionally, refute what we see in the data.