NRB unveils first quarterly review of monetary policy

KATHMANDU, DECEMBER 12: The Nepal Rastra Bank (NRB) has unveiled the first quarterly review of the monetary policy for the current fiscal year. The release of the review report followed the endorsement of it by today’s meeting of the NRB Board of Directors. Through the review, the bank rates are reduced from 7.5 percent to 7 percent, considering the current inflation, the status of the Balance of Payment and the growth rate of bank loans to the private sector.

Similarly, policy rates are maintained at 5.5 percent against the previous 6.5 percent. The provisions regarding mandatory cash reserve ratios and statutory liquidity ratios have remained unchanged. As for the provision of counting debentures issued by banks and financial institutions 100 percent as a source until December-January, it has been decided to count them 50 percent as a resource until the end of the current fiscal year.

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