Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Loan protection: Base rate will remain until Q3

The current base rate of 0.5 per cent will remain until the third quarter of 2011.

That is according to Jeremy Cook, chief economist at World First, the UK's fastest growing foreign exchange broker.

Mr Cook claims that the base rate will remain unchanged despite pressure being put on the Monetary Policy Committee (MPC) to raise them.

He said: "I still believe they will hold off until Q3 in order to avoid snuffing out the economic recovery. The austerity measures that the government are due to enact over the coming months will see some of these inflationary pressures dissipate."

Mr Cook added that the "inflation picture will soften" as the UK heads through to the second half of 2011.

The MPC voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5 per cent on January 13th. It is due to meet again this week to discuss the official bank rate.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
 ADNFCR-2776-ID-800391727-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