Economists See India Raising Rates by 100 Basis Points by March
This article is for subscribers only.
Economists see India’s central bank following up its off-cycle interest rate increase with another 100 basis points of moves in the current financial year ending March, the latest Bloomberg survey shows.
The benchmark repurchase rate is expected to climb to 5.40% in four quarter-point moves during the period, according to the median estimate in the survey. The analysts see the rate further rising to 5.75% through December 2023, or 50 basis points higher than previously expected.