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BS policy poll: RBI may push rates up by 30-50 bps, say economists

MPC may front-load rate hikes to tame inflation, say economists

RBI Policy | Reserve Bank of India | MPC

Bhaskar Dutta  |  Mumbai 

Reserve Bank of India, RBI
Of the 10 institutions polled, three expected the MPC to straightaway raise the benchmark policy rate by 50 bps; three others predicted an increase of 35 bps.

The Reserve Bank of India’s Monetary Policy Comm­ittee (MPC) is likely to announce a hike of 35-50 basis points (bps) in its policy statement on August 5 in a bid to tackle elevated inflation, according to a majority of respondents in a Business Standard poll.



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First Published: Mon, August 01 2022. 06:10 IST