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The Latest Breaking News from MPC

More mortgage pressure as Bank of England 'to raise interest rates' further

THE Bank of England is expected to raise interest rates even higher next week at its next meeting, putting further pressure on mortgages.

The National (Scotland)

Bank of England set to spoil the festive mood with another interest rate rise

The Bank is likely to raise borrowing costs again this week – but how much longer can they keep going up?

The Guardian - UK

4 Oil and Gas Stocks to Buy Before the Winter Freeze

The oil and gas industry benefited from the rising crude oil process earlier this year thanks to the sanctions on Russian oil exports and production cut by OPEC+. While oil prices recently declined to pre-war levels on economic jitters, rising energy demand in winter should benefit Marathon Petroleum (MPC), Valero…

StockNews.com

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‘Worst of inflation over’: RBI moderates rate hike to 35bps

MUMBAI: Reserve Bank of India governor Shaktikanta Das on Wednesday increased key interest rates by 35 basis points, taking the total increase in rates since May to 225 basis points.

The Times of India

RBI Monetary Policy Committee Hikes Policy Rate By 35 Bps To 6.25 Per Cent

The Reserve Bank of India monetary policy committee (MPC), which determines interest rates, has raised policy repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect. Read on for details:

Dynamite News

Swati Dhingra of the Bank of England: ‘Are we going to end up deepening the recession?’

In her first interview since joining the monetary policy committee, Britain’s newest interest-rate setter warns inflation is not the biggest threat to the economy – because ‘the slowdown is here’

The Guardian - UK

Brexit has fuelled surge in UK food prices, says Bank of England policymaker

Britons need to be kept aware of the cost of leaving the EU, says Swati Dhingra

The Guardian - UK

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When is the next UK interest rate announcement and will they go down in 2024?

Interest rate announcements affect millions of homeowners with variable-rate mortgages

Evening Standard

BoT hikes policy rate as recovery gathers steam

The Bank of Thailand believes the country's economy will take off in the final quarter of this year and return to pre-pandemic growth levels.

Bangkok Post

1 Energy Stock to Stay Bullish on in 2023

Despite widespread market uncertainties, energy company Marathon Petroleum (MPC) recently increased its dividend payouts by almost 30%. It has gained more than 90% in 2022, and Wall Street analysts expect it to rally further shortly. Therefore, investors might consider staying bullish on MPC in 2023. Keep reading….

StockNews.com

Adelaide cameos for factory Audi GT drivers

Factory Audi drivers Chris Mies and Kelvin van der Linde are heading to Adelaide for next week's GT World Challenge Australia finale.

Motorsport

Interest rate cut possible if economy demands, says Bank policymaker

Deputy governor Dave Ramsden makes comments as CBI snapshot predicts tough winter for UK factories

The Guardian - UK

Bank’s deputy governor ‘conscious of great hardship’ faced by millions

Dave Ramsden said that his ‘bias’ is toward further interest rate rises, but he would consider the case for cutting rates.

The Independent UK

2 Energy Stocks That Are Crushing the Market Right Now

Rumors of OPEC increasing output were negated by Saudi Arabia amid the embargo on Russian oil. This could translate to a tight supply this winter. Hence, quality energy stocks Marathon Petroleum (MPC) and Valero Energy (VLO), which have crushed the market this year, could be solid buys now. Read on….

StockNews.com

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StockNews.com

The Best Oil and Gas Stock to Buy Into the End of 2022

Oil & Gas company Marathon Petroleum’s (MPC) impressive third-quarter results added to its stellar track record. With the EU embargo expected to impact crude supplies from Russia, the fundamentally strong company seems well-positioned to capitalize on opportunities to fulfill the supply gap and deliver impressive returns on investment. Read on….

Evening Standard

Nationwide hikes provision for bad loans as homeowners feel the pinch

Senior execs at the UK’s biggest building society expect base UK rates to peak around 4%

The Conversation

Inflation: how to improve official predictions – by asking the public

The eagerly awaited autumn financial statement from UK prime minister Rishi Sunak and chancellor Jeremy Hunt includes a key ingredient: a report from the Office for Budget Responsibility (OBR) on the predicted overall effects of the government’s policies on the economy. This is something the Liz Truss government studiously avoided…

The Guardian - UK

Bank of England will raise interest rates again, says chief economist

Huw Pill says there is ‘still more to do’ on tackling inflation despite risks of prolonged recession

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Daily Mirror

Why has the Bank of England hiked interest rates? All your questions answered

The Bank of England issued a gloomy warning that the economy could fall into eight consecutive quarters of negative growth if current market expectations prove correct

The Independent UK

Britain facing ‘prolonged pain’ as Bank says recession could stretch into 2024 OLD

‘Everyone will be affected’: Hike in housing costs and increased inflation to hit hard

Bangkok Post

BoE: Britain faces two-year recession

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.

Evening Standard

UK heading for longest recession in modern history, Bank of England warns

Britain is heading for its longest recession in modern history with no recovery until summer 2024 the Bank of England warned on Thursday.

Daily Mirror

UK is heading for longest recession in a century, Bank of England warns

The Bank of England issued a gloomy warning about the future of the British economy as it hiked interest rates to 3%, the biggest single rate rise in three decades

The Guardian - UK

Bank of England signals interest rates probably won’t go much higher

Central bank felt the need to massage down interest rate expectations amid fears over impact on UK economy

The Independent UK

Bank of England confirms biggest interest rate hike since 1980s

The UK could be facing the longest period of recession since reliable records began

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