Remaining focused on the withdrawal of accommodation and keeping a close watch on inflation Says Ravi Subramanian, Shriram Housing Finance
Below Quote on RBI policy By Ravi Subramanian, MD & CEO, Shriram Housing Finance
"Remaining focused on the withdrawal of accommodation and keeping a close watch on inflation, the MPC has announced a rate hike of 25 bps. On the back of strong macroeconomic fundamentals and retail inflation being under control, we could be at the end of the rate hike cycle. However given global risks and elevated core inflation, the RBI is likely to focus on data while taking its next action. The current rate hikes of 250bps cumulatively have led to an increase in EMIs for new home borrowers. But given the boost in budgetary allocations towards infrastructure & higher allocation towards PMAY we expect affordable housing demand to be robust in Tier 2 and beyond cities.”
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