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Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Industries

RBI hikes repo to 5.5% — first rate rise since 2023

Latest in the wave of tightening, India's central bank raised rates and signaled it is moving into a tightening cycle, ending hopes of near-term relief for borrowers.

News | 8 October 2026

RBI hikes repo to 5.5% — first rate rise since 2023

The RBI is the latest in a wave of tightening. The Fed made its first hike since 2023 on 16 Sep, to a 3.75–4.00% range, and the ECB delivered its second war-driven hike on 10 Sep, taking the deposit rate to 2.5%. The Bank of England held at 3.75% but split 6–3, with three members voting to hike.

India's central bank raised rates and signalled it is moving into a tightening cycle, ending hopes of near-term relief for borrowers.

The MPC voted unanimously to raise the repo rate by 25 bps to 5.5% from 5.25%, and Governor Sanjay Malhotra said further cuts are off the table in the near term. The stance moved to "calibrated tightening" at the 5–7 October meeting. It is the first hike since February 2023, and rate-sensitive auto and real-estate stocks fell. The RBI projects FY27 real GDP growth at 7.1%.