Birdwatch Note Rating
2024-04-16 11:11:10 UTC - HELPFUL
Rated by Participant: 1185EA25AAF780C0041FFDA5BE585B41E3E8DDACF86802E1020994449E26D581
Participant Details
Original Note:
Interest rates in the UK are set by the Bank of England which, since 1997, has been operationally independent of the government. https://www.bankofengland.co.uk/explainers/how-is-the-bank-of-england-independent-of-the-government From the beginning of 2022 the Bank of England, in line with other central banks, has been raising interest rates to tackle global high inflation. https://www.bankofengland.co.uk/monetary-policy/inflation
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