RBI to hike rates in August but no consensus on quantum: Reuters' poll
A poll of nearly 63 economists conducted by Reuters between 25 July 2022 and 1 August 2022 showed that economists expect the Reserve Bank of India (RBI) to raise its repo rate in August 2022. However, there was no consensus on the size of the move given the absence of any clear guidance from the central bank. While 26 economists voted for a 50 basis point (bps) hike to 5.40 per cent, another 20 predicted a 35 basis point hike. Another 14 expect 25 basis point hike, while remaining three voted for 40 bps increase in repo rate.