Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank Charges: MPC members still remain split on policy

Members of the Monetary Policy Committee (MPC) still remain split on how best to stimulate the economy, according to official minutes.

In their most recent meeting (December 8th and 9th.), members of the Bank of England's rate-setting body voted three different ways in regards to interest rates and the government's quantitative easing (QE) programme.

Overall, seven members out nine voted to keep the base rate at 0.5 per cent and not inject any more funds into the economy via the QE scheme.

However, Andrew Sentance yet again called for a rise in interest rates of 0.25 per cent, while Adam Posen urged the Bank to stimulate the economy by adding to the £200 billion QE scheme.

The minutes also revealed that the MPC believes that economic troubles in Europe are likely to hit Britain. .

"It could hamper the ongoing process of balance sheet strengthening by the UK banks, which could in turn put renewed pressure on the cost and availability of credit to UK households and companies, especially if it were associated with a further withdrawal from UK lending markets by some euro-area banks," it said.

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-800308047-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