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PPI Claim News - 5/2/2010

Bank Claim: Bank of England stops the cash flow

The Bank of England (BoE) has announced it is to pause its Quantitative Easing programme after pumping £200 billion into the economy.

The move by the Bank's Monetary Policy Committee (MPC) was widely predicted by financial experts and coincides with the BoE's decision to retain its freeze on interest rates.

Quantitative Easing allowed for "newly-created" money to be injected into the economy, channelled through government and company bonds.

The programme was initiated after the UK plunged into the worst recession since the 1930s, following a near-collapse of the major banks.

However, figures released earlier this month from the BoE showed that inflation had risen by 0.1 per cent during the final quarter of 2009, officially bringing the UK out of the red.

This economic growth has effected the BoE's decision to pause the programme, although it may be restarted if their is another financial crash.

In a statement the MPC said: "The committee will continue to monitor the appropriate scale of the asset purchase programme and further purchases [will] be made should the outlook warrant them."

Belmont Thornton can help you make a PPI claimPayment Protection Insurance Claim, or a credit card charges claim. For free PPI Claim advice call 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim pack or credit card charges claim pack.ADNFCR-2776-ID-19599831-ADNFCR

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