RBI Holds Repo Rate at 6.5%
On Thursday, August 8, RBI Governor Shaktikanta Das announced that the repo rate will remain unchanged at 6.5%. This decision was supported by a majority in the Monetary Policy Committee, with four members in favor and two against. Following the announcement, Governor Das will hold a press conference at 12 p.m., streamed live on the RBI’s X handle.
Governor Das also projected a real GDP growth of 7.2% for the current financial year and adjusted the CPI inflation forecast for FY25 to 4.4%.
Anuj Puri, Chairman of Anarock Group, stated that the unchanged repo rate, consistent for the ninth consecutive time, is positive for the housing market. Stable interest rates make EMIs manageable, encouraging more homebuyers, particularly in the affordable segment.
Key Points:
- Repo Rate: Held steady at 6.5%.
- GDP Growth: Projected at 7.2% for the current financial year.
- Inflation: CPI forecast for FY25 adjusted to 4.4%.
- Housing Market Impact: Stable EMIs expected to boost home sales.
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