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The Latest Breaking News from MPC

Goldman, Nomura see Thailand embarking on rate-hike cycle

The Bank of Thailand (BoT) is set to raise rates from August to quell persistently high inflation, according to analysts, ending a three-year long easy monetary policy stance to shield the Covid-19 pandemic-hit economy.

Bangkok Post

'Loving' girl, 11, killed after stepping out into road on way home from school

Emica Jackson-Miller, 11, from Torquay in Devon was hit by a car while crossing the road on her way home from school and died from traumatic brain injury two weeks later

Daily Mirror

Inflation’s long shadow: On RBI’s actions

The Reserve Bank of India is finally acting to rein in galloping prices

The Hindu

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Tech & Science Daily: To mark Ghostbusters Day we reveal Afterlife’s CGI magic

With Christophe Paradis, animation supervisor on Ghostbusters: Afterlife

Evening Standard

Sensex falls 215 points in volatile trade post RBI policy; logs 4th day of decline

MUMBAI: Equity benchmarks extended their decline for the fourth straight session on Wednesday, with the sensex falling 214.85 points after the Reserve Bank raised the key interest rate by 50 basis points.

The Times of India

Business: RBI hikes repo rate by 50 bps to 4.90 per cent

Reserve Bank of India (RBI) on Wednesday hiked policy repo rate by 50 basis points (bps) to 4.90 per cent with immediate effect. Read further on Dynamite News:

Dynamite News

Prayut: Central bank agrees to keep policy rate steady

The Bank of Thailand (BoT) has told the finance ministry that it will keep its policy rate at the current level to support the economy, Prime Minister Prayut Chan-o-cha told reporters on Tuesday.

Bangkok Post

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RBI's rate hike is just a matter of how much: Report

NEW DELHI: As monetary policy makers huddle to find ways to tame inflation, the question for them is not whether to raise borrowing costs, but by how much.

The Times of India

How Partygate could do for Johnson as Black Wednesday did for Major

The Tory reputation for economic competence was shredded in 1992 but the present PM’s woes go deeper, politically and economically

The Guardian - UK

Bank of England chief economist Huw Pill on inflation, interest rates and the labour market

He believes interest rate rises could have some say to go while whether those who left the workforce due to the pandemic will return is a big question for the UK economy

Birmingham Post

Interest rate set to rise, but uncertain recovery clouds timing - BoT

Thailand's policy interest rate will have to rise but the timing will hinge on the monetary policy committee's view with the economy growing below its potential and the recovery facing uncertainty, the Bank of Thailand (BoT) board chairman said on Wednesday.

Bangkok Post

If You Invested $1000 In Marathon Petroleum 10 Years Ago, Here's How Much You Would Have Today

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 6.57% on an annualized basis producing an average annual return of 17.98%. Currently, Marathon Petroleum has a market capitalization of $52.71 billion.

Benzinga

Bank of England not to blame for soaring inflation, says governor

Andrew Bailey defends response to Covid pandemic and indicates Bank will not take aggressive approach to raising interest rates

The Guardian - UK

Interest rates might have to rise further to tackle soaring inflation says Bank of England chief economist

Welshman Huw Pill was speaking at an ACCA Wales event in Cardiff

Birmingham Post

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The Times of India

RBI opted for off-cycle rate hike to avoid tougher action in June: Shaktikanta Das

MUMBAI: Waiting for the scheduled monetary policy meet in June would have meant losing time and opting for a stronger action, RBI governor Shaktikanta Das told members of the MPC before they unanimously decided to go for an off-cycle hike in interest rate on May 4.

The Hindu

The repo rate in India

How does the repo rate work? How does it affect the country’s inflation and what are the factors that influence its efficacy?

The Guardian - UK

Bailey sets alarm bells ringing while barely mentioning the B-word

As the Convict hoped for a fudge in Northern Ireland, the Bank of England governor explained how screwed the economy is

Benzinga

Expert Ratings for Marathon Petroleum

Within the last quarter, Marathon Petroleum (NYSE:MPC) has observed the following analyst ratings:

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news in one place.

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Autosport

SunEnergy1 Mercedes takes dominant Bathurst 12 Hour win

Jules Gounon, Luca Stolz, Martin Konrad and Kenny Habul dominated the final three stints to win the Bathurst 12 Hour in their SunEnergy1 Racing Mercedes.

Motorsport

Bathurst 12 Hour: SunEnergy1 Mercedes takes dominant win

Jules Gounon, Luca Stolz, Martin Konrad and Kenny Habul dominated the final three stints to win the Bathurst 12 Hour in their SunEnergy1 Racing Mercedes.

Motorsport

Bathurst 12 Hour: Strange strategy puts Craft-Bamboo in front

Craft-Bamboo Racing leads the Bathurst 12 Hour at the mid-way point thanks to an unusual strategy.

The Guardian - UK

Back to the bad old days of the 1990s as recession looms for UK

Inflation is set to jump to 9% this week when official figures are released, and fears of a slump are growing

Motorsport

Bathurst 12 Hour: Mostert pips van der Linde to pole

Chaz Mostert pipped Kelvin van der Linde by eight one hundredths of a second to score pole position for the 2022 Bathurst 12 Hour.

Bangkok Post

Quickening Malaysia growth supports central bank’s rate-hike move

Malaysia’s economy grew at a faster-than-expected pace in the first quarter of the year, vindicating the central bank’s hawkish pivot to fight inflationary pressures.

Motorsport

Bathurst 12 Hour: Talbot tops crash-affected Practice 3

Liam Talbot topped a third practice session that saw one of the seven Audis in the field badly damaged.

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