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.

Top News

Aussies Hijikata, Kubler win Australian Open men’s doubles

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

Karnataka: Amit Shah takes part in road show in Kundgol, hits out at Cong and JD(S) for dynasty politics

DU forms 7-member panel to probe ruckus outside Arts Faculty over BBC documentary screening

One pilot killed in IAF’s Sukhoi, Mirage aircraft crash in MP

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


Villagers election boycott warning for road

Sand art | Malpe Beach Uthsava 2023 | Udupi – Udayavani

Various competitions, activities in Beach Utsava!

Melody King Rajesh Krishnan

Shakalaka Boom Boom Movie Review| |Premier Show Manipal

Latest Additions

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

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.