Kathmandu – Nepal Rastra Bank has adopted flexibility in monetary policy for the fiscal year 2082/83.
The central bank has introduced a monetary policy to revive the sluggish economy and support the government’s target of 6 percent economic growth and 5.5 percent inflation.
It has cut key policy rates. The Standing Liquidity Facility Rate (Bank Rate) has been reduced by 0.5 percentage points to 6 percent. Similarly, the policy rate has been reduced from 5 percent to 4.5 percent and the Standing Deposit Collection Rate has been reduced from 3 percent to 2.75 percent.
Similarly, the National Bank has also set a target of 12 percent credit flow from banks and financial institutions to the private sector in the coming fiscal year.
Monetary Policy for Fiscal Year 2082/83 (Full Text)
