RBI launches fresh round of surveys for monetary policy
RBI launches fresh round of surveys for monetary policy
The Reserve Bank of India has launched a new round of household surveys to capture inflation expectations and consumer confidence for its monetary policy review in June 2021.
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UPDATED: April 29, 2021 17:08 IST
The next meeting of the RBI s onetary Policy Committee (MPC) is scheduled during June 2 to 4, 2021. (Photo: Reuters)
The Reserve Bank on Wednesday announced the launch of the latest round of households surveys to capture inflation expectations and consumer confidence, which provides useful inputs for its monetary policy. The central bank has been regularly conducting these surveys.
RBI launches latest round of surveys to get inputs for monetary policy
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Last Updated: Apr 28, 2021, 10:21 PM IST
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Synopsis
Announcing the launch of the May 2021 round of Inflation Expectations Survey of Households (IESH), the RBI said it aims at capturing subjective assessments on price movements and inflation of approximately 6,000 households, based on their individual consumption baskets, across 18 cities.
Agencies
The agency engaged by the RBI will conduct the surveys over telephone (instead of regular personal interview mode) in view of the COVID-19 pandemic.
The Reserve Bank on Wednesday announced the launch of the latest round of households surveys to capture inflation expectations and consumer confidence, which provides useful inputs for its monetary policy.
Statistics Finland
Consumer confidence strong and partly record high in April
The consumer confidence indicator (CCI) stood
at 3.8 in April, having been -3.0 in March and -0.8 in February.
Confidence in the economy has last been on level with April or
stronger in May 2018 (4.1). Last year in April, the CCI received
the value -13.9. The long-term average for the CCI is -1.8. The
data are based on Statistics Finland’s Consumer Confidence
Survey, to which 1,010 persons resident in Finland responded
between 1 and 19 April.
Consumer confidence indicator (CCI)
Of the four components of the CCI, only expectations concerning
consumers’ own economic situation in twelve months’
US Consumer Confidence Up Sharply Again in April yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
The latest
Conference Board Consumer Confidence Index s headline number improved again in April. The Index now stands at 121.7 (1985=100), up from 109.0 in March. A quote from the Conference Board:
. Consumers assessment of current conditions improved significantly in April, suggesting the economic recovery strengthened further in early Q2 .
Analyst Opinion of Conference Board Consumer Confidence
Consumer confidence had been steady for the previous two years - but the coronavirus killed the upswing. Consumer confidence during the pandemic was as low as seen in 2014 - but now has improved to nearly pre-pandemic levels.
The consensus range from Econoday was 108.0 to 115.0 (consensus 112.0). This month s index is based on data collected through 16 April 2021.