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The Latest Breaking News from MPC

Bank of England pushes interest rates to highest levels in almost 15 years

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…

The National (Scotland)

Bank of England raises interest rates by a half point to 5%

Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

The Guardian - UK

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

The Independent UK

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Londoners face £1,000 hike in monthly mortgage bills as BoE fights runaway inflation

The average two-year rate continued to surge today, hitting 6.19%

Evening Standard

Bank of England set to raise interest rates again as high inflation sticks

Economists agree that the Bank is likely to raise interest rates on Thursday, and that more hikes are on the horizon

Evening Standard

Bank of England must ‘create recession’ to fight high inflation, Hunt advisor says, as mortgage rates rise again – as it happened

Member of Jeremy Hunt’s economic advisory council says BoE must create “uncertainty and frailty”, after UK headline inflation was unchanged at 8.7% in May

The Guardian - UK

CM to present Jagananna Aanimutyalu awards today

Chief Minister Y.S. Jagan Mohan Reddy will present Jagananna Aanimutyalu awards to 42 State-level toppers in the 10th class examinations and 26 students who stood as group-wise toppers in Intermediate

The Hindu

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Sunak, Hunt and homebuyers brace for an economic Big Wednesday

The midweek inflation bulletin could be the most significant piece of government data published this year

The Guardian - UK

Thai growth set to beat BoT forecast

The Bank of Thailand expects GDP growth to exceed its forecast, with the economic policies of the new government driving expansion alongside tourism and consumption growth.

Bangkok Post

‘No alternative’ to interest rate rises for lowering inflation - Chancellor

Households are braced for a further increase in rates from the Bank of England next week

Insider UK

Attacks on Andrew Bailey are understandable, but a little unfair

City Comment: The Bank of England governor has got a near impossible job

Evening Standard

Mortgage turmoil deepens as Santander pulls loans and interest rates could rise again

Soaring cost of home loans is ‘very important’ issue says HSBC UK boss

The Independent UK

Bank of England rates-setter says further hikes may be needed

Jonathan Haskel suggests surging borrowing costs for households is a price worth paying to tackle inflation

The Guardian - UK

The eternal joust over rate hikes

Some industry leaders are concerned about higher interest rates affecting businesses, especially small ones, in addition to weakening the purchasing power of homebuyers.

Bangkok Post

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The Hindu

Unwavering focus: On the Monetary Policy Committee’s approach to policy

Achieving durable disinflation must remain a non-negotiable goal, especially amid widening income inequality and high unemployment

Dynamite News

RBI keeps repo rate unchanged at 6.5 per cent as inflation softens

Repo rate refers to the interest rate at which the RBI lends to commercial banks. Read further on Dynamite News:

Bangkok Post

Interest rates forecast to continue rising

Research houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers.

Bangkok Post

Analysts anticipate more rate hikes

The Bank of Thailand is likely to continue to raise interest rates this year to curb rising inflationary pressures, though such increases could hurt the stock market and the economy, say analysts.

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Bangkok Post

BoT pushes up interest rate to 2%

The Bank of Thailand's Monetary Policy Committee (MPC) has raised its policy rate by 0.25 percentage points, in a bid to maintain the momentum of the Thai economic recovery.

MusicRadar

Akai issues a red alert as it launches the MPC One+, but it might not have all the upgrades you were hoping for

Increased storage, but the same amount of RAM as its predecessor, and still no built-in battery

The Guardian - UK

Bank of England says inflation has ‘turned corner’ despite soaring food prices

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

The Independent UK

Millions face mortgage pain as Bank of England raises interest rate to tackle ‘stubbornly high’ inflation

UK to avoid recession, forecast finds – as economists warn Bank may have gone too far in raising rate

Insider UK

Bank of England lifts interest rates again as food prices stay higher for longer

Central bank economists also released a record upgrade to their economic growth expectations

The National (Scotland)

'Tory mortgage crisis hits millions' as interest rates hiked to 15-year high

THE Bank of England has raised interest rates for the 12th time in a row to its highest level since 2008 ...

The Guardian - UK

Another UK interest rate rise was always nailed on but what happens next?

Bank of England aware that impact of most rates rises has yet to be felt, meaning a pause is now probable

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