Birdwatch Note Rating
2025-08-07 13:35:15 UTC - HELPFUL
Rated by Participant: E8A5B9D41E1B897694184A02A070498A6AF6864295C19B7E1B47D78993EEBD3A
Participant Details
Original Note:
Interest rates are set independently by the Bank of England not government, cutting rates whilst inflations above its 2% target generally indicates other issues such as financial instability or low economic growth. Previous occurrences are during Covid and 2008 Financial crash. https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate
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