Monetary policy - lending rates unchanged, but may inch upward soon..! - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Wednesday, February 07, 2018

Monetary policy - lending rates unchanged, but may inch upward soon..!

Monetary policy - lending  rates unchanged, but may inch upward soon..!

by Mr.    Anuj Puri, Chairman – ANAROCK Property Consultants:

The Reserve Bank of India’s stance of keeping the repo rate unchanged at 6% is exactly along the lines of our expectations. Considering that the inflation has inched up (Dec-17 CPI at 5.21%, up from 3.58% in Oct-17 and well-above the target of 4%), crude oil prices are rising in the international market and the Government plans to increase the crop support price, maintaining the lending rates unchanged is justified. 

We believe that the interest rates will soon start inching upwards, which is already being factored into the rising bond yields for the past few months. The real estate sector can and should look at the long-term economic prospects and implications on which the monetary policy decisions are based, as these will dictate the growth trajectory for the sector.



Monetary policy - lending rates unchanged, but may inch upward soon..! Reviewed by S. Chitra on February 07, 2018 Rating: 5 Monetary policy - lending  rates unchanged, but may inch upward soon..! by Mr.    Anuj Puri, Chairman – ANAROCK Property Consultants: ...

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