Birdwatch Note Rating
2024-08-01 22:48:21 UTC - HELPFUL
Rated by Participant: 49DE520D7C1C6CC969583F4ED7FB35C26D2D7B3581267B71438D3A39236A27DA
Participant Details
Original Note:
The Bank of England is mandated by the UK govt to manage rates to hit target inflation levels - its activity is not a direct reflection of public finances. Here’s the BOE’s explanation: https://www.bankofengland.co.uk/explainers/why-are-interest-rates-in-the-uk-going-up#:~:text=In%20the%20years%20between%201975,increase%20the%20return%20on%20savings.
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