Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank claim: MPC keeps base rate at 0.5%

Anyone who is currently making a bank claim will be interested to hear that the Bank of England's Monetary Policy Committee (MPC) has voted to keep the base rate at 0.5 per cent.

The MPC voted today (September 8th) to hold interest rates at 0.5 per cent for another month - making it the 30th month in a row that rates have remained at this level.

Dr Ros Altmann, director general of insurance firm Saga, said: "If interest rates were low and inflation was low, things might look okay but with low rates and soaring inflation, people are being stung by a double whammy, which continues to erode the value of their savings month after month."

He added that if interest rates are not going to rise, something needs to be done to help people "weather the storm" and make the most of this difficult situation.

As a result of the decision, Saga is encouraging savers to shop around for the best savings rates they can find.

John Fieldman

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

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