Monetary policy being released

Kathmandu, July 22: Nepal Rastra Bank (NRB) is releasing today the monetary policy for the current fiscal year.    

The Central Bank, through a notice, informed that the Monetary Policy is being made public at 4 pm today. It is said the monetary policy has kept the policies and programmes adopted in the budget for the current fiscal year at the center in the context of problems seen in some economic indicators.    

The monetary policy is aimed at curbing lending in the unproductive sector as well as making some new provisions on what types of tools to use to prevent an increase in the bank interest rate. 

   
It is seen that the monetary policy will also be required to address the target of an eight percent economic growth rate envisioned by the government in the current fiscal year.    

NRB had discussed the monetary policy with Prime Minister Sher Bahadur Deuba, who is also looking after the Finance Ministry, on Thursday evening. NRB Board of Governors has already endorsed the monetary policy. (RSS)