Birdwatch Note Rating
2024-07-05 11:50:42 UTC - HELPFUL
Rated by Participant: 8526240C27AFD3A25376F9B2DC1169D536A6F0C39AC5CC29DFA4E60BA18E88EA
Participant Details
Original Note:
Inflation is the rate at which prices rise. Mortgage rates are based off the bank of England base rate Increasing payments on mortgages cannot directly bring down inflation as suggested. An increase in mortgage payments is likely to increase inflation opposed to decrease it https://www.bankofengland.co.uk/explainers/what-is-inflation https://www.money.co.uk/mortgages/bank-of-england-base-rate
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