Experts’ poll: RBI may hike rates by 0.25% in October policy amid inflationary pressures
The last repo rate hike was in February 2023, when the RBI raised the rate by 0.25% to 6.50%
A poll of experts suggests that the Reserve Bank of India (RBI) may raise the repo rate by 0.25% in the October monetary policy review due to inflationary pressures. This increase would be a reversal of the recent interest rate cuts and pause, with the last hike occurring in February 2023. Factors contributing to inflationary pressures include the re-escalation of the West Asia crisis, rising energy and commodity prices, and global central bank rate hikes.
Experts expect at least two rate hikes in FY27, with some anticipating three. A majority of participants in the poll foresee a hawkish tone at the upcoming policy review on October 7, 2026.
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