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RBI Launches Surveys to Support Monetary Policy Decisions

30 April 20251 min read
BANKING & FINANCERBI LaunchesSurveys toSupport MonetaryPolicy Decisions30 April 2025safalsetu.com

Why in the news

The RBI began three surveys to feed macroeconomic information into its bimonthly policy reviews.

The surveys

  • Urban Consumer Confidence Survey: households’ views on economic conditions, jobs, prices, income and spending.
  • Inflation Expectations Survey: households’ expectations of future inflation, vital for rate stance.

Significance

They sharpen the RBI’s reading of economic sentiment, helping repo rate and inflation-targeting choices.

Background

  • The surveys were launched on a Tuesday.
  • The reviews are bimonthly, so six fall in each financial year.
  • Details of the Inflation Expectations Survey are to be released later; the third survey was not described.

Exam angle

  • Policy reviews: six a year.

Test yourself

1. How many bimonthly monetary policy reviews does the RBI hold in a financial year, as noted with its new surveys?

There are six bimonthly policy reviews in a financial year.

2. Which RBI survey seeks qualitative feedback from urban households on economic conditions, employment, prices and income?

The Urban Consumer Confidence Survey covers those household views.

3. Which RBI survey gathers households' views on future price rises, important for interest rate stance?

The Inflation Expectations Survey records future inflation expectations.

This topic is part of Daily Current Affairs 30 April 2025 (26 topics).

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