Reserve Bank Of India Launches Three Key Surveys

The Reserve Bank on Tuesday launched three crucial surveys, which included inflation expectations, in order to collect useful inputs for monetary policy decisions.

The RBI usually holds six bi-monthly monetary policy reviews in a fiscal. The last meeting was held earlier this month, and the next meeting of the Monetary Policy Committee is to take place on June 4-6.

The upcoming May round of the Inflation Expectations Survey of Households will gather subjective views on price changes and inflation. This survey focuses on individual spending patterns and will cover households in 19 cities.

Across 19 cities, the central bank will survey urban households for their qualitative opinions on the general economy, employment, price levels, and their income and spending through the Urban Consumer Confidence Survey.

The Rural Consumer Confidence Survey will collect current perceptions and one-year-ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending from the households residing in the rural and semi-urban areas across 31 states/ Union Territories.

The Reserve Bank of India has been regularly conducting these surveys.

The results of the surveys provide useful inputs for monetary policy, the RBI said.

(With Inputs From PTI)