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PPI Claim News - 4/3/2010

 
Bank Reclaim: Bank keeps the 'base' turned down low

Economists have predicted that the Bank of England (BoE) base rate will remain at a historic low today.

On what is the first anniversary since the Bank took its rate down to 0.5 per cent, the lowest it has been in over 300 years, the Monetary Policy Committee must decide whether to keep the rate unchanged for a 12th consecutive month.

They are also expected to reveal whether the BoE's quantitative easing programme will be restarted.

Last month it announced its intention to halt the scheme, having pumped £200 billion in new money into the economy following the financial crash.

However, a halt in the base rate may not be good news for savers or those paying off large credit card, personal finance or car loans, who are faced with repayment rates at a 12-year high.

Financial journalist Justin Harper recently commented in the Telegraph that low interest options and the minimal BoE base rate means savers are "fighting a losing battle to get a real rate of return".

For help making a PPI Claim, Loan claim, PPI reclaim, or a credit card charges claim then call Belmont on 0845 526 0000 or fill in the Quick Claim box to be sent a PPI Claim form, Loan Claim form, PPI reclaim form or credit card charges form.ADNFCR-2776-ID-19650345-ADNFCR



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