{
  "id": 7376423,
  "title": "SBI Research, IDFC First expect rate hike in October as crude prices climb: Higher oil prices & inflation raise likelihood of policy tightening",
  "url": "https://urgent.news/2026/09/14/sbi-research-idfc-first-expect-rate-hike-in-october-as-crude-prices",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-14T18:53:30.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/indicators/sbi-research-idfc-first-expect-rate-hike-in-october-as-crude-prices-climb-higher-oil-prices-inflation-raise-likelihood-of-policy-tightening/articleshow/134246894.cms"
  },
  "original_language": "en",
  "account": "Recent forecasts from SBI Research and IDFC First Bank anticipate a rate hike from the Reserve Bank of India (RBI) in October. This comes after crude oil prices surged due to tensions in West Asia, reaching around $108 a barrel. Inflation risks are also rising due to persistent food prices and strong economic growth, according to both institutions.\n\nThe Monetary Policy Committee of the RBI will meet from October 5 to 7 to assess interest rates, with the current repo rate at 5.25%. Axis Bank's CEO, Amitabh Chaudhry, warned that a rate hike might be necessary sooner rather than later given inflation concerns.\n\nIDFC First Bank and SBI Research highlighted that rising oil prices, high food inflation and robust economic growth increase the chance of tighter monetary policy. They warned that prolonged supply shocks could feed into inflation and expectations, even as the RBI reduces excess liquidity.\n\nIf oil prices stay high, inflation could rise to 6.5% or more in October and November, according to SBI Research. The RBI's October policy meeting could start as early as October or as late as December, with a higher likelihood of an October hike due to inflation peaking in Q3 FY27.",
  "summary": "Economists are gearing up for a potential rate hike from the central bank as soon as October, driven by escalating crude oil prices and ongoing food inflation concerns. The CEO of Axis Bank has raised alarms about the increasing risks of inflation. This shift in monetary policy timing comes as the Monetary Policy Committee prepares to evaluate interest rates in early October, reversing earlier…",
  "key_points": [
    "SBI Research and IDFC First Bank predict RBI rate hike in October",
    "Crude oil prices at $108 a barrel amid West Asia tensions",
    "Inflation risks rise from food prices and strong economic growth"
  ],
  "editors_take": null,
  "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."
}