Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

PPI: Further quantitative easing 'unlikely'

The Bank of England (BoE) is unlikely to pump more money into the economy via the quantitative easing (QE) programme, according to an economic forecasting group.

During last month's Monetary Policy Committee meeting, members voted to maintain both interest rates and QE at their current levels.

However, BoE governor Mervyn King recently hinted that the Bank could add to the QE scheme in a bid to help improve liquidity in the economy.

Andrew Goodwin, senior economic advisor to the Ernst & Young ITEM Club, claimed that it is "unlikely" the Bank would choose to do so in the current climate.

He said: "The Bank is right to keep its options open given the heightened uncertainty and risks to the recovery, but at this point in time we do not expect any more QE."

Mr Goodwin added that, although the UK is in somewhat of a "soft patch", all indicators continue to point to growth.

"We expect momentum to build next year," he said.

Posted by Jennifer Haines

Jennifer's speciality knowledge is credit card changes and balance transfers. ADNFCR-2776-ID-800138324-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