Claims extracted
26
sentences that state something as happening or true
Uncertain
12%
3 of 26 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
65/100
Evening Standard's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
10
Economy/Business
Same framing elsewhere
2
articles that frame the event the way this one does
Interest rates held at 3.75% but Bank warns Iran war could mean future hike
uncertain
war → hold → hike
The Bank of England has held interest rates at 3.75%, but policymakers warned that pressure to raise rates is building as the Iran war goes on.
asserted
war → hold → rates
The Bank’s monetary policy committee (MPC) said global energy prices were volatile and likely to push inflation higher by the end of the year than it was previously expecting.
asserted
it → say → year
But it follows a split vote among the nine-person committee, with six members voting to hold them steady and three calling to raise rates to 4%.
asserted
three → follow → %
This refers to so-called second-round effects, meaning things such as higher wage demands among the UK workforce and prices that are charged in shops.
asserted
that → refer → shops
He went on: “But the longer this volatility persists, the bigger the impact it will have on inflation, and the more likely it is we will need to raise Bank rate to ensure that inflation falls back to our 2% target.”
asserted
inflation → go → target
Economists have been warning that borrowing costs may have to be hiked in the months ahead to tackle rising inflation in the UK.
uncertain
costs → warn → UK
The rate of Consumer Prices Index (CPI) inflation rose to 3.1% last month, up from 2.9% in July and reaching a five-month high, the latest official figures showed.
asserted
figures → rise → high
This was driven largely by petrol and diesel prices, which have risen to multi-year highs.
asserted
which → drive → highs
Households are also facing another rise in their gas and electricity bills from next month when Ofgem’s new price cap comes into effect.
asserted
cap → face → effect
The Government already announced that it is scrapping VAT from energy bills between October and March to help provide “breathing space” for households.
asserted
it → announce → households
Based on recent wholesale energy prices, the MPC said it was now expecting CPI inflation to rise to about 3.75% by the end of 2026 and peak at about 4% by the start of 2027.
asserted
inflation → base → 2027
This compares to its previous forecast of CPI at about 3.2% by the end of the year.
asserted
This → compare → year
The committee said the conflict in the Middle East and the impact on energy prices at the UK economy “remained the dominant source of uncertainty for the inflation outlook”.
asserted
conflict → say → outlook
Other policymakers on the MPC said the case for raising interest rates was building the longer the war goes on.
asserted
war → say → rates
Economist Suren Thiru, of the Institute of Chartered Accountants in England and Wales, said the Bank has left the “door wide open” to a November rate hike.
asserted
Bank → say → hike
“Interest rates are at a critical cliff-edge moment,” he said.
asserted
he → say → moment
“While policy could still remain on hold this year, persistent US-Iran hostilities mean the risk of a rate hike has shifted from a possibility to a probability.”
uncertain
risk → remain → probability
Meanwhile, the Bank of England announced a shake-up of its government bond selling programme, known as quantitative tightening (QT).
asserted
Bank → announce → tightening
It is asking Mr Healey to approve a new method of effectively selling a stock of government bonds, known as gilts, back to the Government rather than to the financial markets.
asserted
It → ask → markets
This means pausing its current gilt auctions until the decision is finalised.
asserted
decision → mean → auctions
The next stage of the QT programme will see the overall stock of gilts reduced at an average pace of £46 billion a year over the next eight years, both as they mature and through average annual sales of £20 billion.
asserted
they → see → billion
A substantial portion of the gilts will not be sold and will be set aside to back the issuance of bank notes.
asserted
portion → sell → notes
Mr Bailey said the Bank had “provided clarity over the future” of its QT programme.
asserted
Bank → say → programme
The announcement triggered a drop in government borrowing costs on Thursday, known as gilt yields, which have soared to fresh highs in recent weeks.
asserted
which → trigger → weeks
The yield on 30-year gilts fell to about 5.72%, the lowest level in more than a month.
asserted
yield → fall → month
The Aporia
