NRB brings out monetary policy

Kathmandu, July 21 – With the target to attain of 5.5 per cent economic growth rate and restrict the inflation to 8 per cent, the Nepal Rastra Bank (NRB) on Sunday made public the monetary policy for the Fiscal Year 2013/2014.

In it, the central bank has cut the cash reserve ratio (CRR) by one percent. Now, the category ‘A’ financial institution has to maintain CRR at 5 per cent, while category ‘B’ and category ‘C’ institutions at 4.5 per cent and 4 per cent respectively.

Likewise, the policy has specified statutory liquidity ratio of 12 per cent, 9 per cent and 8 per cent for category A, B and C financial institutions, respectively.

The NRB has also decreased the refinancing rate for agriculture, hydro-power and others productive sectors to 5 per cent.

View Full Monetary policy