View on RBI Monetary Policy Expectation By Mr. Ravi Subramanian, Shriram Housing Finance
Below is Quote on the RBI Monetary Policy Expectation Mr. Ravi Subramanian, MD & CEO, Shriram Housing Finance
"As the central banks of the developed economies such as the US Fed, European Central Bank and Bank of England have continued with hiking rates, we expect the MPC to follow with a hike of 25bps or lesser this week. consumer prices and core inflation have remained high and are a cause of concern. As the prevailing economic scenario calls for higher rates, we expect the policymakers to take note of the impact of stretched EMIs and loan tenures on the home loan and home-buying demand. Home loan growth for the industry has been in the mid-teens and in the affordable segment demand has been higher and we expect that momentum to sustain despite higher rates.”
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