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PPI Claims: QE 'could increase inflation'

PPI claims could be useful in what is expected to be a tough financial future.

Azad Zangana, European economist at Schroders, stated the Bank of England's decision to expand the Asset Purchase Scheme from £200 billion to £275 billion is an attempt to avoid a double-dip recession.

Mr Zangana is sceptical about the benefits of quantitative easing (QE). It will boost confidence and asset prices in the markets but will do little to create credit opportunities and therefore will not significantly improve the financial system, he said.

The economist believes that QE may affect sterling and this could lead to an increased demand for UK exports as the currency depreciates.

"However, this would also raise inflation for households, who are already struggling to make ends meet," he added.

The Bank of England predicted inflation will rise to more than five per cent soon as higher utility prices come into effect.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-800755167-ADNFCR

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