The State Bank of India’s Economic Research Department’s research report expressed the possibility that the RBI rate hike cycle could be extended till December. State Bank of India’s Chief Economic Advisor Dr. Saumya Kanti Ghosh said, we believe that a 0.35 per cent rate hike in December looks imminent but beyond December it would be touch and go.
Chief Economist of Bandhan Bank Siddhartha Sanyal also said, another round of rate hikes cannot be ruled out. He mentioned that overall, the MPC refrained from springing any major surprise leading to a broadly favourable reaction from most segments of financial markets.
Tata Capital‘s MD & CEO Rajiv Sabharwal said, the stance of continuing withdrawal of accommodation is imperative to ensure inflation remains within target going forward.
