Birdwatch Note Rating
2024-08-07 20:26:14 UTC - NOT_HELPFUL
Rated by Participant: 19B321974E955A401D146394479A5E60EBE0DB10D501DACB3A6E45FA8A85C367
Participant Details
Original Note:
The Bank of England did not admit the 2022 crisis was its fault. The research shared by Truss states: "The abrupt change in the fiscal stance initiated a sharp downward adjustment in government bond prices…amplified by the vulnerabilities in the pension fund and LDI sector." https://www.bankofengland.co.uk/-/media/boe/files/working-paper/2024/lash-risk-and-interest-rates.pdf
All Note Details