HSBC forecasts RBI rate hikes in FY27
HSBC expects the RBI to raise the repo rate by a cumulative 50 basis points in FY27, through two hikes taking it to 5.75%. A separate report said inflation, growth and global rate hikes strengthen the case for tightening.
Timeline
Monday, 28 September
- RBI MPC October 2026: Sanjay Malhotra & co may raise interest rates to 5.50% as inflation broadens, poll finds
Economists expect the RBI to raise rates to 5.50% at its October 2026 meeting
- Broadening inflation and strong growth add to pressure for an RBI rate hike
Inflation is broadening while economic growth remains strong
- HSBC expects RBI to raise rates by 50 bps in FY27
HSBC expects cumulative repo-rate hikes of 50 bps in FY27
