3 weeks ago
RBI launches surveys ahead of October monetary policy meeting
The Reserve Bank of India is asking households about prices and the economy.
One survey will ask people how prices have changed and how they may change in the future.
Another survey will ask people in cities how they feel about jobs, income, spending and prices.
A similar survey will ask people in rural areas the same kinds of questions.
The city survey will cover 19 cities.
The rural survey will cover 31 states and union territories.
The RBI will use the answers as information for its monetary policy decisions.
The surveys are being conducted before the RBI’s meeting scheduled for October 4.
The Reserve Bank of India launched September surveys on inflation expectations and consumer confidence.
The Inflation Expectations Survey of Households will cover 19 cities and assess current and future price changes.
The Urban Consumer Confidence Survey will gather views from households in 19 cities on jobs, prices, income and spending.
The Rural Consumer Confidence Survey will cover 31 states and union territories and examine similar economic concerns.
The survey results are intended to support the RBI’s monetary policy ahead of the October 4 MPC meeting.
- Who
- The Reserve Bank of India, Hansa Research Group and Ipsos Research Private are involved in the surveys.
- What
- The RBI launched September rounds of surveys on household inflation expectations and urban and rural consumer confidence.
- Where
- The inflation expectations and urban confidence surveys will cover 19 cities; the rural confidence survey will cover 31 states and union territories.
- When
- The surveys are being conducted in September, ahead of the RBI Monetary Policy Committee meeting scheduled for October 4.
- Why
- The RBI wants qualitative and quantitative information on prices, employment, income, spending and economic sentiment to support monetary policy.
Key facts
- Inflation survey
- The Inflation Expectations Survey of Households will collect views on current prices and expected price changes over three months and one year.
- Urban coverage
- The Urban Consumer Confidence Survey will be conducted in 19 cities.
- Rural coverage
- The Rural Consumer Confidence Survey will be conducted across 31 states and union territories.
- Urban survey topics
- The survey will cover the general economic situation, employment, prices, household income and spending.
- Rural survey topics
- The rural survey will collect current and one-year-ahead views on the economy, employment, prices, income and spending.
- Survey agencies
- Hansa Research Group will conduct the inflation and urban surveys, while Ipsos Research Private will conduct the rural survey.
- Policy meeting
- The RBI’s Monetary Policy Committee meeting is scheduled for October 4.
Sources
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