The Reserve Bank of India is set to deliver a less aggressive rate hike and switch to a 'neutral' policy stance this week as the central bank weigh the effect of an apparent easing in inflationary pressures on an economy struggling to gain momentum. The six-member Monetary Policy Committee, led by RBI Governor Shaktikanta Das, is widely expected to raise the repo rate by at least 35 basis points from the current 5.90 percent. This would mark the fifth consecutive rate hike.
Governor Das is set to release the Monetary Policy statement at 10:00 AM Indian time on December 7. (11.30 PM ET on December 6). The Reserve Bank has raised rates by a cumulative 190 basis points since May to combat high inflation and to counter the spillover effects from the policy normalization in advanced economies.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.