What matters more is what the central bank *doesn’t say*. If inflation fears start creeping into the Governor’s speech, your home loan EMI could creep up later this year. Crude oil prices are rising, monsoon is unpredictable, and global markets are tense. Even if your EMI stays the same this month, the RBI’s tone could signal a hike by December. Borrowers, don’t just watch the rate; watch the words. Markets react faster to hints than headlines. And if oil stays above $90, experts say a 25 bps hike isn’t off the table. This isn’t just about today; it’s about your budget next winter.