Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

RBI Monetary Policy Update - February 2026

A Neutral Hold: Now, in wait & watch mode.
09 February 2026
    Local Market Commentary
    Download the full reportPDF, 204.03KB

    RBI Monetary Policy Update - February 2026

    The MPC in a unanimous vote decided to maintain a pause on the Repo Rate at 5.25 per cent while maintaining a neutral stance.

    • We see todays policy decision as a neutral hold and the possibility of the final cut is likely to be data driven … more so because the key indices for monetary policy consideration … inflation & growth indices are expected to be revamped and released in this month
    • The MPC stated that the April policy would incorporate the new projections; we believe the MPCs policy standing becomes clearer once we have the MPCs revised forecasts and resultantly, the likely course of policy action

    Related articles

    Back to top