scorecardresearchAugust RBI Interest Rate Policy: 3 reasons why this brokerage raised its rate hike forecast to 35 basis points

August RBI Interest Rate Policy: 3 reasons why this brokerage raised its rate hike forecast to 35 basis points

Updated: 28 Jul 2022, 12:56 PM IST
TL;DR.
BofA said that it sees the RBI hiking the policy repo rate by 35 bps to 5.25 percent, higher than the pre-pandemic level. It has revised up its call from a 25 bps hike earlier. The RBI meet will convene between 3-5 August.
BofA said that it sees the RBI hiking the policy repo rate by 35 bps to 5.25 percent, higher than the pre-pandemic level. It has revised up its call from a 25 bps hike earlier. The RBI meet will convene between 3-5 August.

BofA said that it sees the RBI hiking the policy repo rate by 35 bps to 5.25 percent, higher than the pre-pandemic level. It has revised up its call from a 25 bps hike earlier. The RBI meet will convene between 3-5 August.