India's Central Bank May Soon Raise Rates as May CPI Hits 3.9%, Capitec Predicts 75bp Hike to 6% in 2026

According to Capitec Economics analyst Shilan Shah on June 15, India's central bank may soon begin raising its policy rate as inflationary pressures accumulate. May's consumer price index climbed to 3.9%, marking the highest reading since February 2025, though still below the central bank's 4% target. The acceleration is being driven primarily by fuel inflation, with gasoline prices rising for four consecutive months. Capitec expects the Reserve Bank of India to hike rates by 75 basis points during 2026, bringing the policy rate to 6.00%.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments