RBI May Raise Repo Rate by 100 Bps Through H1 2027: BofA Securities

RBI may raise repo rate by 100 bps through H1 2027: BofA Securities

Bank of America Securities has revised its forecast for the Reserve Bank of Indias interest rate hikes. It now anticipates a total increase of 100 basis points by mid-2027. The first hike is expected during the monetary policy meeting in October. Economic growth remains strong, while inflation risks are increasing, prompting the RBI to adjust its monetary policy.

Repo rate likely to reach 6.25 pc by mid‑2027, 25 bps hike in Oct: Report

Digital Desk | New Delhi, Sep 29 (IANS) Reserve Bank of India is likely to begin a rate‑hiking cycle at its October 7 meeting and to raise the repo rate to 6.25 per cent by the first half of 2027, as resilient growth and broadening inflation risks prompt a shift away from monetary accommodation, a report said on Tuesday. The report from Bank of America (BofA) Securities said the bank has brought forward its earlier call for a December hike and…