Birdwatch Note Rating
2024-07-03 12:40:56 UTC - HELPFUL
Rated by Participant: FDA2DECAF0C9B8D20E9241F5C843648F135D0AEEEB9A7C8737151BFC64CF60CC
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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