Central Bank Watch
India’s First Central Bank Interest Rate Hike Since February 2023 Decided Unanimously
October 7, 2026
A 25-basis point Indian repo rate hike to 5.50% had been expected and reverses a similarly-sized cut last December. This move and a concurrent change in the RBI’s monetary stance from “neutral” to “calibrated tightening” had the support of all six Board members. At 5.5%, the Reserve Bank of India’s new repo rate level is […] More
New Overnight Developments Abroad - Daily Update
Fresh Iranian Attacks on Shipping Setting Wednesday’s Financial Market Tone
October 7, 2026
The Brent price of oil is back above $100 per barrel and 1.1% above yesterday’s close, while West Texas Intermediate has been lifted back to the $90 threshold. Long-term interest rates in turn have taken their cue from renewed attacks on ships trying to traverse the Strait of Hormuz. Ten-year sovereign debt yields have leaped […] More
