The RBI just made loans more expensive again.

Описание: Repo rate hiked by 25 bps to 5.50% - the first hike since Feb 2023.Why? Retail inflation is back at 4.8% in August, and RBI has raised its inflation forecast to 5.2%.But here's the twist - RBI also raised FY27 growth forecast to 7.1%.Translation: Growth is strong, but inflation is now the bigger worry.What it means for you:- Floating home/car/personal loans may get costlier, but your EMI won't automatically rise by 0.25%. It depends on your bank and reset date.- Stance is now "Calibrated Tightening" - so don't expect easy rate cuts anytime soon.- For savers, higher deposit rates could be coming.Is this the end of the rate cut hope? Let me know what you think.Follow for daily money updates.#RBI #RepoRate #Inflation #SMCGlobal