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. The increase is in line with the projection that the US Federal Reserve (Fed) would lift rates by 0.75% at its next meeting in September as it struggles to tame inflation amid a job market recovery. Wilasinee Boonmasungsong, research director of Globlex Securities, projects the interest rate to be raised from 0.50% as the MPC aims to bring down i…

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