RBI Launches Three Key Surveys For Monetary Policy Input

The Reserve Bank launched three key surveys, including inflation expectations, on Tuesday to gather useful inputs for monetary policy decisions. The RBI normally holds six bi-monthly monetary policy reviews in a financial year. The last meeting was held earlier this month, and the next meeting of the Monetary Policy Committee is scheduled for June 4-6, according to a PTI report.

The May round of the Inflation Expectations Survey of Households (ISH) aims at capturing subjective assessments of price movements and inflation based on their individual consumption baskets across 19 cities.

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The central bank said the Urban Consumer Confidence Survey (UCCS) seeks qualitative responses from households regarding their sentiments on the general economic situation, employment scenario, price level, and households' income and spending. This study, too, will be carried out in 19 cities.

The Rural Consumer Confidence Survey (RCCS) will collect current perceptions and one-year-ahead expectations of households on the 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.