Birdwatch Note Rating
2025-08-08 13:18:20 UTC - HELPFUL
Rated by Participant: 324E102FBEADF52939FCA39E3897810D748AB21FB8496ADA8CADA617D8D9DFED
Participant Details
Original Note:
Interest rates are set independently by the Bank of England not government, cutting rates whilst inflation is above its 2% target generally indicates other issues such as financial instability or economic growth. Previous occurrences are during Covid & the 2008 Financial crash. https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate
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