Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI: BoE could print more money to promote economy

The Bank of England (BoE) could print more money in a bid to stimulate the economy, it has been revealed.

The minutes from last month's Monetary Policy Committee (MPC) meeting has shown that members are considering putting more money into the financial system via its quantitative easing programme.

Quantitative easing is where the BoE prints more money, which can be swapped for other bank assets, to enable firms to increase their lending potential.

Around £200 billion has already been committed to the programme, with further funding likely to contribute to a spike in inflation.

The minutes read: "The probability that further action would become necessary to stimulate the economy and keep inflation on track to hit the target in the medium-term had increased."

MPC members voted eight-to-one to keep interest rates at 0.5 per cent, with only Andrew Sentance opting for a 0.25 per cent rise.

Posted by John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance. ADNFCR-2776-ID-800080140-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 
Post Code 
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 number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, 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