Birdwatch Note Rating
2024-08-01 17:54:22 UTC - HELPFUL
Rated by Participant: 69553AA2E95C43E1C9C7D5E5FA6A95004651FDE78C364F750BEFFB06DA11F575
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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