Kathmandu – Nepal Rastra Bank (Central Bank of Nepal) is set to make public the monetary policy for the fiscal year 2082/83 today.
The central bank had taken the monetary policy proposal to the board of directors on Thursday evening. After it was approved by the board of directors meeting today, Friday, the central bank is preparing to make it public at 1:30 pm.
Sources have said that preparations are underway to introduce a more liberal monetary policy this time around, including on credit and investment and some other policy issues.
The economy is currently sluggish. Demand for credit has not increased. There is excess liquidity of around Rs 8.5 trillion in the banking system. At such a time, the central bank is under pressure to make policy arrangements to increase demand for credit.
