BofA expects RBI to hold rates, predicts future hike
pre-market1 source ↓written by the desknot a recommendation
- growth estimate
- 6.9%
BofA Securities anticipates the RBI will maintain current policy rates in the near term but forecasts a 50 bps hike by December 2026 due to domestic inflation risks. The firm has raised its FY27 GDP growth estimate to 6.9%, citing stronger consumption and investment demand, while projecting CPI inflation at 4.8%. However, risks from below-normal monsoon rainfall could impact food prices and rural economic activity.
Not investment advice. For informational purposes only.