Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Bank charges: pound fell after BoE released minutes

Following the Bank of England’s (BoE) release of minutes from their latest meeting from the Monetary Policy Committee, the pound has fallen.

In its minutes, the committee said that it is in no hurry to reach their two per cent target on inflation rates. It said that it would aim to do this “over a longer time horizon than usual”.

After the minutes were released, the pound fell 0.75 per cent against the dollar. Analysts have suggested that the pound may continue to fall further.

The governor of BoE, Sir Mervyn King, voted alongside two other colleagues on the committee in favour of expanding quantative easing programme from £375 billion to £400 billion. This would see them buying more assets in the hope that Britain would receive a return on its investment. However, they were in the minority as the other six committee members voted against this.

It was detailed in the minutes that the committee felt that increasing Britain's assets may not help to decrease inflation. They felt that Britain’s economy is not as strong enough to ensure this.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801544133-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 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