Birdwatch Note Rating
2024-07-03 11:10:41 UTC - HELPFUL
Rated by Participant: 858A4E55F3434B8959BDDD21D9359622920A3A7917D4ED17CBA3CF42E137FDA1
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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