India’s central bank just hit the pause button, and it wants everyone to know the play button isn’t switching to reverse anytime soon.
The Reserve Bank of India’s Monetary Policy Committee voted unanimously on June 5 to hold the policy repo rate at 5.25%. Governor Sanjay Malhotra went a step further, telling markets it was “too early” to even discuss a rate hike at the next meeting.
The numbers behind the pause
This hold comes after a fairly aggressive easing cycle. Since February 2025, the RBI has cut rates by a cumulative 100 basis points, a full percentage point shaved off borrowing costs to juice economic growth.
The vote was 6-0. No dissent.
