Responds to Suspected Inflation rate Rise

(PRWEB UK) 14 February 2013

According to the BBC, The Bank of England has suggested that the rate of inflation will increase even more than its current 2.7 percent towards around 3 percent by the start of the summer. The new figures will be the second consecutive year that the inflation rate has been above the target of 2 percent. Sir Mervyn King, the governor of the Bank said that, Inflation is likely to rise in the near term. This is not the result of easy monetary policy and nor does it reflect whats going on in the economy. Growth is likely to be weak in the near term but further out a continued easing in domestic credit conditions, supported by the Banks asset purchase programme and the Funding for Lending Scheme, together with the stronger global backdrop, underpin a slow but steady recovery in output. is one of the UKs favourite comparison sites bringing the best deals on finance, insurance and travel to consumers up and down the country. The company strives to bring the easiest and quickest way to compare a variety of bills and products, with the ultimate goal of saving money.

A representative from the company commented on the predicted increase in inflation, The suspected increase in inflation is not great news for consumers or businesses and will mean many need to pull purse strings even tighter. It is at least, some hope that the inflation rate does not directly reflect the economy, which according to experts is set to improve. continues to follow consumer based news.

Tags: , , , , ,

Comments are closed.

CIGI Experts Outline Prescriptions for Cannes Summit and Beyond in Special Report on G20 Issues

Waterloo, Ont. (PRWEB) October 20, 2011 With a possible euro zone collapse and Greek insolvency likely to dominate the upcoming [...]

Pathways Home Health and Hospice Satu Johal Receives CFO of Year of the Year Award; Silicon Valley Business Journal Honoree

Sunnyvale, California (PRWEB) December 02, 2011 Satu Johal, CFO at Pathways Home Health & Hospice, received the Silicon Valley Business [...]

Latest Financial Regulation News

Working Together Towards Better Financial Regulation and Stability in Asia Image by Asian Development Bank Tellers attend to clients in [...]

European financial regulation – 4 questions to Olivier Garnier (Societe Generale)

Olivier Garnier, Chief economist at Societe Generale Group, expresses his view on European financial regulation and its reform. Video interview [...]

AMS Health Care Mortgage Corporation Provides Debt Service Savings to Hospitals Utilizing FHA 242 Mortgage Insurance Program

Jacksonville, FL (PRWEB) August 30, 2013 An oft-overlook and relatively unknown federal program for hospitals seeking capital for needed and [...]

Vermont’s Captive Insurance Industry Off to Best Start Since 2005

Montpelier, VT (PRWEB) April 16, 2012 First quarter licensure of new captive insurance companies is off to a strong start [...]