RBI launches surveys to get inputs for monetary policy
PTI, Jan 1, 2021, 7:37 PM IST
New Delhi: The Reserve Bank of India (RBI) on Friday announced the launch of the next round of household surveys to capture inflation expectations and consumer confidence, which provide useful inputs for its monetary policy.
The central bank has been conducting these surveys regularly.
Announcing the launch of the January 2021 round of the Inflation Expectations Survey of Households (IESH), the RBI said it aims to capture subjective assessments on price movements and inflation from about 6,000 households based on their individual consumption baskets across 18 cities.
The cities include Ahmedabad, Bengaluru, Chandigarh, Chennai, Delhi, and Thiruvananthapuram.
”The survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three-month ahead as well as one-year ahead periods and quantitative responses on current, three-month ahead and one-year ahead inflation rates,” it said.
The Consumer Confidence Survey (CCS) seeks qualitative responses from households, regarding their sentiments on the general economic situation, employment scenario, price level, households’ income and spending.
The survey is conducted regularly across 13 cities – Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, Mumbai, Patna and Thiruvananthapuram. The survey will cover about 5,400 respondents.
The RBI said the result of the surveys provides useful inputs for monetary policy.
The next meeting of the Monetary Policy Committee, the rate-setting panel, is scheduled for February 3-5, 2021.
On behalf of the RBI, a Mumbai-based agency will conduct the surveys through face-to-face interviews as well as telephonically, in view of the phase-wise resumption of activities amid the COVID-19 pandemic.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Rashtrapati Bhavan’s Mughal Gardens renamed ‘Amrit Udyan’ to open for public from January 31
Sabalenka beats Rybakina for Australian Open women’s title
Grand inauguration of Kaustubha Residency – hotel & commercial complex at Katapady on Jan 29
Related Articles More
Index provider MSCI seeks feedback on Adani Group over Hindenburg report
Stock market investors lose more than Rs 10.73 lakh crore in two trading sessions
Dr Reddy’s Lab launches generic eye treatment medication in US
Adani Group stocks continue to fall; Adani Total Gas tanks nearly 20%
Hindenburg Research stands by its report on Adani, will seek disclosures in US court proceedings
Aussies Hijikata, Kubler win Australian Open men’s doubles
Attempts being made to create differences among people, ‘mantra of unity’ is ultimate antidote: PM Modi
2 held for cheating people on pretext of selling iphones on discounted rates
BJP releases list of 48 candidates for Tripura Assembly polls
Counsel ‘decourted’ for donning jeans in Gauhati HC