The Latest Breaking News from MPC

Today, City financial markets were pricing in the likelihood of a further hike at around 75%

Catherine Mann, who is a member of the Bank’s Monetary Policy Committee, said she would rather ‘err on the side of over-tightening’ monetary policy.

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Finance Ministry says food inflation likely to be transitory due to govt pre-emptive measures & arrival of fresh crops. Govt has taken steps to restrain food inflation & imports of pulses to moderate inflation. RBI's MPC revised inflation projection to 5.4% & Govt capex driving growth. External sector needs monitoring…

Consumer Price Index falls 1.1 per cent in a month but core inflation remains stubbornly high, meaning further interest rate rise likely

Risks of interest rate overkill rising fast even though wages grew strongly in last quarter

UK regular pay growth highest since 2001 while unemployment rate rises unexpectedly; rouble recovers afters Bank of Russia raises rates at extraordinary meeting

The MPC will look at this week’s earnings and inflation figures, but energy volatility could also come into play

How quickly policymakers intercede in the months aheasd will determine their inflation-fighting mettle