Inflation within target and external sector robust: Governor Adhikari

By TRN Online, Kathmandu, July 26: Nepal Rastra Bank (NRB) unveiled the monetary policy 2024/25 on Friday. 

Unveiling the monetary policy, NRB governor Maha Prasad Adhikari said that the economic condition of Nepal at present is mixed.

Governor Adhikari said that based on the data of the first 11 months of the fiscal year 2080/81, inflation has been contained within the target and the external sector is robust. The interest on deposits and credit has been falling due to the presence of excess liquidity in the banking system. 

In comparison to last FY, there is an improvement in the gross domestic product. But the government expenditure and revenue collection has remained lower. 

Similarly, the credit outflow of banks and financial institutions has remained lower than estimated.