- India's central bank will raise interest rates at successive meetings into next year as price pressures broaden.
- Goldman Sachs, Standard Chartered, Deutsche Bank, and Morgan Stanley economists predict a follow-up 25bp increase at the Dec. 4 decision.
- Some economists see a further half-point of tightening in H1 2027, taking the policy rate to a two-year high of 6.25% from 5.5%.
Quotes
“India’s central bank will likely raise interest rates at successive meetings into next year as broadening price pressures push it deeper into a global tightening cycle.”
“A growing number of economists, including those at Goldman Sachs Group Inc., Standard Chartered Plc., Deutsche Bank AG and Morgan Stanley & Co. are predicting a follow-up 25-basis-point increase at the Reserve Bank’s next decision on Dec. 4.”