Business Tit-Bits: Will Interest Rate Hikes Work???| RBI| Reserve Bank of India |
By : HW News English
Published On: 2022-10-06
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15:13
Four successive repo rate hikes by the Reserve Bank of India (RBI) have pushed up interest rates on home loans to the pre-pandemic levels of June 2019.
Now, with interest rates at a three-year high of 8.1-9 per cent across categories, housing loans may be staring at a slowdown, after witnessing a 16.4 per cent rise in outstanding during the 12-month period ended August 2022. This has come on top of a 11.6 per cent growth in the year-ago period. In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bharga shares his take.
#Interest #RepoRate #RBI #IntrestRateHike #HousingLoan #BusinessNews #HWNews
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