RBI Rate Cut: Big Relief for EMI Payers Expected Next Week
Business
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News18•28-01-2026, 16:34
RBI Rate Cut: Big Relief for EMI Payers Expected Next Week
- •The Reserve Bank of India (RBI) is expected to cut the key repo rate by 0.25 percentage points in its Monetary Policy Review meeting on February 6.
- •This potential rate cut would be part of an ongoing easing cycle, aiming to boost economic growth amidst controlled inflation.
- •A reduction in the repo rate, currently at 5.25%, directly benefits EMI payers by lowering interest rates on home, car, and personal loans.
- •The RBI has already reduced the repo rate by 1.25% (125 basis points) over the past year, bringing it down from 6.50% to 5.25%.
- •Further reductions of up to 0.50% are anticipated in 2026, potentially bringing the repo rate to 4.75%-5.00%.
Why It Matters: RBI's anticipated repo rate cut next week promises significant relief for EMI payers and new loan seekers.
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