Claims extracted
22
sentences that state something as happening or true
Uncertain
0%
0 of 22 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
66/100
BBC News's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
15
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
- Published
Interest rates have risen to 4% and the Bank of England has indicated there are more rises to come.
asserted
Bank → publish → England
Three of the nine voting members referred to "rises" plural.
asserted
Three → vote → rises
One member voted for a bigger increase, to 4.25%.
asserted
member → vote → %
Three referred to just one more including governor Andrew Bailey.
asserted
Three → refer → Bailey
Two and done, but it depends.
asserted
it → do → ?
It is painful for those on variable mortgages, but should not be seen as the start of a cycle of hikes.
asserted
It → see → hikes
Predicting where interest rates will go is like throwing darts at a board that constantly moves around the wall, with expectations of how long the Iran War will last and its impact on the economy and prices lurching from day to day.
asserted
prices → predict → day
The Bank's forecasts indicate inflation is heading to just under 5% next spring as a typical household energy bill surges by 27% in January to £2,150 a year.
asserted
bill → indicate → 2,150
Why have they raised now?
asserted
they → raise → ?
High and rising inflation risks a further cycle of self fulfilling expectations of rising prices.
asserted
inflation → rise → prices
It hasn't been seen so far, however.
asserted
It → see → ?
The war has lasted for 9 months, and led to oil prices used in the forecast averaging $108 a barrel.
asserted
war → last → 108
And yet on the day they have announced the rate rise, the oil price is actually 13% lower than that having fallen in the run up and after the US mid term elections, reflecting expectations or guesses that President Trump will now retreat or deescalate from the Iran war.
asserted
Trump → announce → war
The other notable factor is that the UK economy is performing much better than forecasts and expectations.
asserted
economy → perform → forecasts
This is underlined by the Bank of England's latest forecasts.
asserted
This → underline → forecasts
It is heading for 0.7%, the Bank said, between July and September, before slowing in the three months to the end of the year.
asserted
Bank → head → year
Unemployment has stabilised, actually falling a little.
asserted
Unemployment → stabilise → ?
Some of this has fed through into a better performing currency, with sterling at its highest level since the Brexit referendum, when measured against a basket of currencies.
asserted
sterling → feed → currencies
This can help rein in inflation by making imports cheaper.
asserted
imports → help → inflation
Even the expected further rise, probably in February next year is conditional on the war continuing.
asserted
war → expect → February
The Bank of England stopped waiting for President Trump's war to end today, but perhaps the Democrats' resounding victory in the US midterm elections will stop the inflationary wave?
asserted
victory → stop → wave
The Bank has thrown a tentative first dart, and there is probably another to come.
asserted
Bank → throw → dart
The Aporia
