India · economy · resolves 2026-11-30

Will RBI Governor Sanjay Malhotra’s inflation outlook for Q4‑2026 be revised to below 4% by 2026-11-30?

14%chance, per Kāla

Why

Base rate: Historically, RBI governors have only revised inflation outlooks downward after a sustained period of CPI falling below the 4 % target, which typically takes several quarters of easing pressure. Latest evidence: Recent statements (Oct 21‑23 2026) indicate inflation remains high, with widening risks from food prices, geopolitical tensions and El Niño, and the RBI has just raised rates rather than signaling a cut or a lower‑inflation outlook.

Based on 14 dated sources · first forecast 2026-10-21 · 3 updates · locked in and fingerprinted before the answer is known.

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