RBI lifts repo rate 25 bps to 5.5% in first hike since February 2023

Money & Policy/Reserve Bank of India/
RBI lifts repo rate 25 bps to 5.5% in first hike since February 2023
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The Reserve Bank of India's Monetary Policy Committee unanimously lifted the repo rate by 25 basis points to 5.50%, its first increase since February 2023. The stance shifts to "calibrated tightening," with two members preferring neutral. The RBI now sees FY27 inflation at 5.2% and growth at 7.1%, citing elevated inflation expectations and broadening price pressures. Loan rates could follow higher.

3 sources

  1. 01The Pioneer — RBI MPC unanimously hikes repo rate by 25 bps to 5.5%dailypioneer.com
  2. 02Forbes India — Rate cuts off the table as RBI raises repo rate to 5.5%forbesindia.com
  3. 03Business Standard — RBI policy highlights: Repo rate rises 25 bps as inflation risks broadenbusiness-standard.com