Business Tit-Bits: Will Interest Rate Hikes Work???

Business Tit-Bits: Will Interest Rate Hikes Work???

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.

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. 

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