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The Latest Breaking News from MPC

New Bank of England interest rates rise impact on future mortgage payments and soaring inflation

The base rate increased from 3.5% to 4% to help bring double-digit inflation under control.

Daily Record

Bank raises rates to 4% – recession to be shorter and shallower

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

Evening Standard

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

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Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Guardian - UK

Bank of England hikes interest rates to 4% but expects shallower recession

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

The Independent UK

The Bank of England has raised interest rates to 4%

It means mortgages and other debt will become more expensive for millions of people

Wales Online

Bank of England pushes interest rates up to 4%

Central bank says the UK is still headed for a recession, but it could be shallower and shorter than previously expected

Insider UK

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Interest rates rise to 4% as Bank of England prepares for 'shallow' recession

Monetary Policy Committee says inflation may have peaked in the UK

Birmingham Post

Bank of England poised for big rate hike to tame inflation

The Bank of England is expected to raise interest rates by as much as half a percentage point

The Independent UK

Weaker economy, higher inflation: Bank of England’s dilemma

Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise them

The Guardian - UK

Interest rates set to rise again as Bank of England braces for ‘shallow’ recession

Decision on Thursday would be the 10th time in a row that policymakers have opted for an increase

The Independent UK

Homeowners and housing market on watch for signs of peak rates into Bank of England hike

Monetary Policy Committee set to lift base rates at high noon on Thursday

Evening Standard

Bank of England expected to raise interest rates for 10th time running

Decision would pile more pressure on already-strained borrowers

The Independent UK

Bank of England poised to raise interest rates for 10th time in a row

Policymakers face balancing act between driving inflation down and risk of deepening economic slump

The Guardian - UK

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Wales Online

Families set for another hit as interest rates predicted to jump by further 0.5%

While it's potentially good news for savers, people on variable mortgages will need to find even more cash

Bangkok Post

BBL follows BoT, raises lending, savings rates

Bangkok Bank (BBL), the country's largest lender by total assets, announced yesterday a new round of hikes for both lending and savings rates, effective yesterday, in line with the Bank of Thailand's policy rate increase on Wednesday.

StockNews.com

The No. 1 Energy Stock to Buy for 2023

Oil & Gas company Marathon Petroleum’s (MPC) impressive third-quarter results added to its stellar track record. With supplies constrained amid rising energy demand from Asia and Europe, the fundamentally strong company seems well-positioned to capitalize on opportunities to keep filling the gap and deliver impressive returns on investment. Read on….

Wales Online

Cash-strapped families warned interest rates likely to rise again next week

The Bank of England will announce its decision on Thursday

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Bangkok Post

MPC expected to hike policy rate further

Economists forecast the Bank of Thailand's terminal policy rate will be in the range of 1.75% to 2.5% for this cycle of rate hikes.

Bangkok Post

Government banks unveil higher loan interest levels

State-run banks have begun to raise loan interest rates for the first time in years, in line with the Bank of Thailand's policy rate hike on Wednesday.

Bangkok Post

BoT hikes interest rate for 4th time

The Bank of Thailand yesterday raised its policy interest rate by 0.25 percentage points for a fourth consecutive time in an attempt to contain high inflation.

StockNews.com

Marathon, Valero and 1 Other Energy Stock to Purchase in 2023

With the sustained energy demand and an anticipated surge in oil prices, energy stocks will likely outperform the broader market again this year. Therefore, it seems wise to invest in fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Adams Resources & Energy (AE) to garner solid returns.…

Motorsport

New TCR deal looms for Supercars talent

Melbourne Performance Centre is hopeful of re-signing Supercars talent Will Brown for the 2023 TCR Australia season.

StockNews.com

The Top 3 Oil and Gas Stocks to Buy in 2023

A tight supply and China’s recovering demand are expected to keep oil prices high in the foreseeable future. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Berry Corporation (BRY), and Unit Corporation (UNTC) might be solid buys in 2023. Read on….

Motorsport

28-car field for 2023 Bathurst 12 Hour

Bathurst 12 Hour organisers have announced a 28-car field for the 2023 running of the event.

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