RBI Monetary Policy Reaction : We are optimistic and expect the housing demand to remain intact Says Amit Goyal, India Sotheby`s International Realty
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Below Quote on RBI Monetary Policy Announcement By Mr. Amit Goyal, CEO, India Sotheby’s International Realty
The rate hike of quarter basis point by the central bank is on expected lines. Inflation is still above RBIs comfort levels and considering the evolving inflation outlook, it's important to ensure inflation remains within the tolerance band and progressively aligns with the target. The good news is that amid volatile global developments, the Indian economy remains resilient and is expected to grow at 7% in FY23.
While an increase in repo rate will certainly increase the home loan interest rates, we are optimistic and expect the housing demand to remain intact.
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