Birdwatch Note Rating
2024-08-01 17:31:34 UTC - HELPFUL
Rated by Participant: 69553AA2E95C43E1C9C7D5E5FA6A95004651FDE78C364F750BEFFB06DA11F575
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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