Birdwatch Note Rating
2024-07-31 07:13:51 UTC - HELPFUL
Rated by Participant: 6230F12399FA8AF7F49607F88EB0FEA10290A14623A9F35FD4EDB4482D7EC9EE
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
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