Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
PPI: Interest rates frozen for 18th month

The Monetary Policy Committee (MPC) has voted to freeze interest rates at 0.5 per cent for the 18th consecutive month.

The Bank of England's rate setting body also decided to maintain its quantitative easing package, designed to help stimulate the flagging economy, at £200 million.

Interest rates have now been left unchanged since March 2009, when they were halved from their previous level of one per cent.

The announcement was expected by many economists, who expect the base rate to remain at its historically low level until next year.

David Kern, chief economist at the British Chambers of Commerce, claimed the cooling global economy and domestic austerity measures meant rates had to be frozen.

He said: "The Government's tough deficit-reduction measures, although necessary to repair the public finances, will increase the threat of an economic setback.

"Since sustaining the recovery must remain the priority, it is absolutely vital that the MPC maintains the current low level of interest rates until the middle of 2011 at the earliest."

Posted by Charles Baker

Charles is a reputed financial analyst with almost decades of experience under his belt ADNFCR-2776-ID-800059428-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B16, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide