Birdwatch Note Rating
2024-08-02 07:38:50 UTC - HELPFUL
Rated by Participant: 638B057F2A955D6F812F9B6A6EA67B66164447198D6FAE1529D21A75F626EAF9
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.
All Note Details