RBI Monetary Policy Expectations : RBI is expected to continue its `pause` stance and keep the benchmark lending rate at 6.5% for the fourth consecutive time says Vimal Nadar, Colliers India
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Below the Quote on RBI Monetary Policy Expectation by Vimal Nadar, Senior Director & Head of Research at Colliers India
RBI is expected to continue its ‘pause’ stance and keep the benchmark lending rate at 6.5% for the fourth consecutive time. While consumer price inflation has moderated from the 15-month high of 7.44% in July 2023, the concerns of elevated food inflation remain high, and the Central Bank will be cautious. Nonetheless, RBI has already revised the inflation projection to 5.4% for FY 2023-24 to accommodate these concerns. Steady repo rates will continue to bring in stability in home loan lending rates by major banks & financial institutions. This is critical during this festive period when most of the fence sitters & first-time home buyers look for lucrative deals from developers & lending institutions to buy their dream home.
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