Monetary Policy Announcement : This is the fourth consecutive rate hike by the apex bank in the last five months Says Saransh Trehan, managing director, Trehan Group
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Below is quote on Monetary Policy by Mr Saransh Trehan, managing director, Trehan Group
This is the fourth consecutive rate hike by the apex bank in the last five months. However, the demand in the housing market continues to remain robust despite subsequent rate hikes, in fact in many cities it is improving. So, we don’t see any major impact in the scenario even after today’s RBI decision. However, with home rates hovering between 8-9%, further tightening, if any, will start to impact the sectoring and thereby the overall economy.
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