The benign inflationary patterns suggest an aggressive rate cut trajectory by the RBI, with key policy rate likely to breach the ‘Neutral’ rate by March 2026, an SBI Research report said on Monday. A cumulative rate cut of 125-150 bps is estimated in FY26 in the best case scenario with inflation to breach 3% consistently for next 3 months barring any food price shock/heatwave, the report stated.