Quote on RBI MPC announcement by Tribhuwan Adhikari, MD & CEO of LIC Housing Finance
Below the Quote on RBI MPC announcement by Tribhuwan Adhikari, MD & CEO of LIC Housing Finance
“After maintaining a neutral stance for the last two MPC meetings, a 25-bps rate cut is on the expected lines, making a total of 125 bps repo rate cut this calendar year. The new 5.25% repo rate is a welcome move and would provide further relief to the home buyers. Today’s MPC raised the GDP growth projection for FY26 to 7.3%, higher than the earlier estimate of 6.8% which is positive for housing demand and home-buying sentiment due to stronger income and job visibility in the coming year. We anticipate a positive growth in the affordable and mid-segment housing in the upcoming quarters contributing to an overall healthy pick-up in consumer sentiment.”
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