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The Rising Nepal | Nepal's First English Broadsheet Daily. Enewspolar HimalPress | English Fiscal Nepal
4 sources · 5 articles
Started 1 week ago · Updated 1 week ago

Nepal Rastra Bank maintains monetary policy, to review Standing Deposit Facility provisions

Photo · enewspolar.com

Nepal Rastra Bank (NRB) has unveiled its third quarterly review of the Monetary Policy for the fiscal year 2082/83, deciding to keep most policy arrangements unchanged. The central bank will continue its flexible monetary policy stance, citing low economic growth and projections for foreign exchange reserves and inflation to remain within targets. However, NRB announced it will review provisions related to the Standing Deposit Facility (SDF) to enhance the effectiveness of the interest rate corridor.

  • Key policy arrangements including the interest rate corridor, bank rate, cash reserve requirement (CRR), and statutory liquidity ratio (SLR) will remain unchanged.
  • The NRB's decision to continue the flexible monetary policy is based on the current low economic growth situation and the expectation that foreign exchange reserves and inflation will stay within target levels.
  • Nepal's economic growth rate for the current fiscal year is preliminarily estimated by the National Statistics Office to be 3.85 percent.
  • Despite global geopolitical tensions posing a risk of upward price pressure, average consumer inflation up to the third quarter stood at 2.39 percent and is projected to remain within the targeted limit.
  • The share of investment in the total gross domestic product (GDP) has increased in the current fiscal year.

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