SBI Research, IDFC First predict rate hike due to oil prices
pre-market1 source ↓written by the desknot a recommendation
- rate hike
- 25-basis-point
- currently
- $108 per barrel
- to review
- 5-7 October
- repo rate
- 5.25%
Economists at SBI Research and IDFC First Bank now anticipate a 25-basis-point rate hike in October, driven by rising crude oil prices, currently at $108 per barrel. This shift comes amid concerns over inflation risks, with the RBI's Monetary Policy Committee set to meet from 5-7 October to review the 5.25% repo rate. 📈
The potential rate increase may impact borrowing costs and market sentiment, particularly in sectors sensitive to interest rates.
Not investment advice. For informational purposes only.