{
  "id": 12751168,
  "title": "More RBI rate hikes coming, SBI wants ‘jumbo’ 50 bps increase by December",
  "url": "https://urgent.news/2026/10/08/more-rbi-rate-hikes-coming-sbi-wants-jumbo-50-bps-increase-by-december",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-08T01:00:08.000Z",
  "source": {
    "name": "The Indian Express",
    "slug": "the-indian-express",
    "url": "https://indianexpress.com/article/business/rbi-repo-rate-hike-50-bps-december-inflation-sbi-forecast-10911262/"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India's Monetary Policy Committee is anticipated to continue raising interest rates in the coming months following their initial hike on Wednesday. Soumya Kanti Ghosh, a group chief economic adviser at the State Bank of India, suggests a 50-basis-point increase during the December 2-4 meeting or earlier. This surge is attributed to the steep rise in inflation and potential global uncertainties. Ghosh believes a 6% repo rate by December could be ideal. Inflation is projected to peak at 6.8% in November, with the Monetary Policy Committee signaling a more restrictive stance, indicating no rate cuts in the near term.",
  "summary": null,
  "key_points": [
    "Reserve Bank of India to raise rates multiple times post-Wednesday hike",
    "SBI chief economist Soumya Kanti Ghosh wants 50 basis-point increase by Dec",
    "Inflation expected to peak at 6.8% in November"
  ],
  "editors_take": "A larger-than-usual interest rate hike of 50 basis points by December would mark a more aggressive monetary policy stance to combat inflation, aligning with SBI's economic advisory.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}