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PPI BoE Could Print More Money To Promote Economy
PPI BoE Could Print More Money To Promote Economy
Bank of England might print more money in a bid to tackle inflation and increase the lending potential of the financial institutions. This is expected to help people borrow money and get out of credit crisis.
London,
London,
United Kingdom
(pr4links.com)
24/09/2010
"Printing of more money will help the firms increase their lending power which will in turn help people who are under debt and not being able to borrow money or apply for fresh credit cards. However this might lead to currency devaluation."
FOR IMMEDIATE RELEASE
London, UK, 23rd September, 2010: The Bank of England (BoE) could print more money in a bid to stimulate the economy, it has been revealed.
The minutes from last month's Monetary Policy Committee (MPC) meeting has shown that members are considering putting more money into the financial system via its quantitative easing programme.
Quantitative easing is where the BoE prints more money, which can be swapped for other bank assets, to enable firms to increase their lending potential.
Around £200 billion has already been committed to the programme, with further funding likely to contribute to a spike in inflation.
The minutes read: "The probability that further action would become necessary to stimulate the economy and keep inflation on track to hit the target in the medium-term had increased."
MPC members voted eight-to-one to keep interest rates at 0.5 per cent, with only Andrew Sentance opting for a 0.25 per cent rise.
”To tackle inflation Bank of England might choose to print more money. This will also help in stimulating the economy which has been reeling for some time” says financial analyst John Fieldman who has over two decades of experience in the finance industry and specialises in interest rates and corporate finance. He works as a financial analyst for PPI ClaimCompany.co.uk.
“Printing of more money will help the firms increase their lending power which will in turn help people who are under debt and not being able to borrow money or apply for fresh credit cards. However this might lead to currency devaluation.”
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PPI Claims Company is one of the premier PPI companies in the world. It has years of experience in this field and can help you with your payment protection claim using their no win, no service fee policy. To know more about loan protection claims and PPI claim back log on to http://www.ppiclaimcompany.co.uk/.
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