RBI Likely to Raise Rates in October and December, SBI Research Says
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AI-generated summary of the coverage listed below: State Bank of India research notes that inflation pressures are widening across India, prompting the Reserve Bank of India to consider two consecutive 25‑basis‑point rate hikes at its October and December policy meetings. The bank describes the timing as a “perfect pitch” for nuanced action, after which it will pause to assess incoming economic data. IDFC First also projects a rate increase in October. The potential hikes aim to curb inflation while supporting economic growth.
Covered by 2 outlets across the spectrum: 0% left, 100% center, 0% right.
Who is covering this story
- Center (2): Economic Times, Free Press Journal
Sources
- SBI Research, IDFC First expect rate hike in Oct — Economic Times (center)
- SBI Flags Back-To-Back Rate Hikes, Inflation Risks Mount Across India — Free Press Journal (center)