The Latest Breaking News from MPC

RBI’s Monetary Policy Committee member Ashima Goyal says voters should be told about financing and trade-offs involved

Leading oil and gas company Marathon Petroleum (MPC) reported solid second-quarter results. Shares of MPC have gained in doubt digits year-to-date. Higher price realizations and substantial market demand should bode well for the energy company. Thus, we think MPC is an ideal investment now. Read on to know more….

The Bank of Thailand raised its key interest rate for the first time in nearly four years yesterday in an effort to wrestle control over surging inflation as the economic recovery gains momentum.

The Bank of Thailand (BoT) raised its key interest rate for the first time in nearly four years on Wednesday, lifting it by a quarter point as expected to fight surging inflation as the economic recovery gains momentum.

Citibank has downgraded its 2022 forecast for Thai economic growth to 3.5%, from 3.6%, with next year's GDP predicted to expand by 4.5%, a fall from 4.8%.

Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery.

The Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say.

A rate increase was needed to prevent inflation expectations from stymieing growth

UK to enter ‘deep and protracted’ recession, Bank warns