RBI Launches 3 Key Surveys for Monetary Policy Input:
To fine-tune India’s monetary policy based on real-time household sentiments, the RBI has initiated three surveys: the Inflation Expectations Survey of Households (IESH), the Urban Consumer Confidence Survey (UCCS), and the Rural Consumer Confidence Survey (RCCS). These tools are vital for assessing inflation trends, consumer confidence, and economic sentiment in both urban and rural India, helping the central bank make informed decisions. The Reserve Bank of India (RBI) launched three important consumer surveys aimed at gathering public perception on inflation, employment, income, and overall economic confidence. The data from these surveys will serve as crucial inputs for the RBI’s upcoming Monetary Policy Committee (MPC) meeting scheduled from June 4–6, 2025.
