Expectation RBI Monetary Policy : Ramesh Nair, CEO & Country Head, JLL India

MUMBAI, 05 AUGUST, 2019 : Expectations from the RBI Monetary Policy by Mr. Ramesh Nair, CEO & Country Head, JLL India. "We expect the RBI to reduce the key policy rate by 25 bps for the fourth consecutive time in the upcoming monetary policy review." The US Fed rate cut for the first time post the global financial crisis and the fiscal discipline shown in the Union Budget 2019-20 will most likely act as the stimulus, with the latter giving the RBI enough elbow room t o bring down the rate.

This rate cut will have a direct impact on the real estate sector, provided the banks, in turn, transmit the same by a corresponding reduction in lending rates to those seeking home loans.

News Bureau- 8/5/2019 5:37:08 PM