The Reserve Bank has also convened Monetary Policy Forums, which as the name suggests, provide a forum for open discussions on monetary policy and general economic developments. The MPFs are held twice a year in the major centres of the country and engage with labour, business, community and other organisations.
Industrial production continues to decline sharply, reflecting such developments in final demand and strong excessiveness in inventories of electronic parts and some materials. Corporate profits and business sentiment are also worsening particularly in manufacturing. Affected by such developments, household income seems to be weakening gradually. As for the outlook, public investment is expected to follow a declining trend.