Quote on Monetary Policy By Mr Ramesh Nair, Colliers
Below is quote on Monetary Policy by Mr Ramesh Nair, Chief Executive Officer, India and Market Development, Asia, Colliers
On expected lines, RBI has kept repo rates unchanged at 4% for the 9th consecutive time. This accommodative stance will aid demand dynamics and propel economic growth to mitigate the impact of Covid-19. This will support RBI’s vision of GDP growth of 9.5% for the year. At the same time, the growth will also hinge upon the new variant of covid-19 and its impact. The unchanged repo rate will continue to improve sentiments in the real estate sector. The housing sector is already seeing a revival in sales, led by low home loan rates, pent-up demand, and stable prices”.
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