A Reuters poll of economists suggests India’s central bank, the Reserve Bank of India (RBI), is likely to keep its policy rates unchanged through 2026. The forecast reflects a balance between inflation concerns and softer growth risks. According to the poll, while inflation has been a key consideration for monetary policy, concerns about the outlook for economic activity are weighing on expectations for further tightening. The Economic Times report aligns with this view, stating that economists expect the RBI to hold rates through 2026. Together, the sources indicate that most participants see limited justification for rate hikes or cuts in the near-to-medium term, given the interaction of price stability objectives and growth uncertainty. The reports do not cite a specific target rate or timing for any change, focusing instead on the direction of policy—rate stability—over a multi-year horizon. Overall, the coverage points to an expectation of a cautious stance by the RBI as it monitors inflation trends alongside the risks to growth.
Reuters poll says RBI likely holds rates through 2026 amid growth risks
A Reuters poll of economists suggests India’s central bank, the Reserve Bank of India (RBI), is likely to keep its policy rates unchanged through 2026. The forecast reflects a balance between inflatio...
2 sources
4 hours ago
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Key Points
- A Reuters poll of economists expects the RBI to keep policy rates unchanged through 2026.
- Growth risks are described as outweighing inflation in shaping rate expectations.
- Inflation remains a key factor in the RBI’s policy outlook, but is not seen as driving immediate changes.
- The Economic Times report is consistent with economists’ expectation of rate stability through 2026.
- Both sources focus on expected direction of policy (holding rates) rather than specifying a future rate path beyond stability.
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RBI to hold rates through 2026 as growth risks outweigh inflation: Reuters poll
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