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RBI launches two key surveys for monetary policy inputs

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MUMBAI: The Reserve Bank of India (RBI) on Monday introduced the launch of ‘Inflation Expectations Survey of Households’ and ‘Consumer Confidence Survey‘ which is able to present key inputs for the bi-monthly monetary policy. The subsequent bi-monthly monetary policy is scheduled throughout June 5-7, 2024.
The ‘Inflation Expectations Survey of Households’ goals at capturing subjective assessments on value actions and inflation, primarily based on their particular person consumption baskets, throughout 19 cities, together with Guwahati, Hyderabad, Jaipur, Kolkata, Lucknow, and Thiruvananthapuram, the RBI mentioned in a launch.
The survey on inflation seeks qualitative responses from households on value adjustments (basic costs in addition to costs of particular product teams) within the three months forward in addition to within the one-year forward interval.
It additionally seeks quantitative responses on present, three months forward and one-year forward inflation charges.
The ‘Consumer Confidence Survey’ seeks qualitative responses from households, concerning their sentiments on basic financial scenario, employment state of affairs, value stage, households’ revenue and spending, the central financial institution mentioned in one other launch.
It can be performed in 19 cities, together with Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, and Delhi.
The outcomes of the surveys present helpful inputs for monetary policy, the RBI mentioned.


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