Birdwatch Note Rating
2024-08-02 07:52:05 UTC - HELPFUL
Rated by Participant: 47CB48EF2A891871CCA95605542CCF11826A933D235E87BD9E149399F8E4C4B1
Participant Details
Original Note:
Interest rates are set by the bank of England hold inflation at or below the government's 2% target. Whilst not historically high they have mainly risen to due to external and unforeseen influences including COVID19 and Russia's invasion of Ukraine not the mini-budget. https://obr.uk/box/why-has-recent-inflation-been-stronger-than-we-forecast/ https://www.telegraph.co.uk/business/2024/07/26/truss-only-to-blame-for-half-of-mini-budget-bond-meltdown/ https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate
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