Birdwatch Archive

Birdwatch Note

2024-08-01 14:19:48 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

Interest rates are set by the bank of England hold inflation at or below the government's 2% target. Whilst not historically high they have mainly risen to due to external and unforeseen influences including COVID19 and Russia's invasion of Ukraine not the mini-budget. https://obr.uk/box/why-has-recent-inflation-been-stronger-than-we-forecast/ https://www.telegraph.co.uk/business/2024/07/26/truss-only-to-blame-for-half-of-mini-budget-bond-meltdown/ https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate

Written by 64BE9A061F2B2CA955A391060B495C6AFB566A7B73859B60B8AB1D2B398A55FF
Participant Details

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• ID - 1819015178416972260
• noteId - 1819015178416972260
• participantId -
• noteAuthorParticipantId - 64BE9A061F2B2CA955A391060B495C6AFB566A7B73859B60B8AB1D2B398A55FF
• createdAtMillis - 1722521988858
• tweetId - 1818966814686114127
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
• believable -
• harmful -
• validationDifficulty -
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• misleadingFactualError - 1
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• misleadingUnverifiedClaimAsFact - 1
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• summary
• Interest rates are set by the bank of England hold inflation at or below the government's 2% target. Whilst not historically high they have mainly risen to due to external and unforeseen influences including COVID19 and Russia's invasion of Ukraine not the mini-budget. https://obr.uk/box/why-has-recent-inflation-been-stronger-than-we-forecast/ https://www.telegraph.co.uk/business/2024/07/26/truss-only-to-blame-for-half-of-mini-budget-bond-meltdown/ https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate