गृहपृष्ठ ∕ Business ∕ NRB unveils first quarter review of monetary policy Business NRB unveils first quarter review of monetary policy KathmanduPati December 08, 2023 File Photo KATHMANDU – The Nepal Rastra Bank (NRB) has unveiled the first quarterly review of the monetary policy for the current fiscal year. The release of the review followed its endorsement by today’s meeting of the NRB Board of Directors. Presenting an analysis of various factors influencing the prevailing inflation, the NRB, through the review, has reduced the bank rates from 7.5 percent to 7 percent, considering the current status of the Balance of Payment and the growth rate of bank loans to the private sector. Similarly, policy rates have been maintained at 5.5 percent against the previous 6.5 percent. The provisions regarding mandatory cash reserve ratios and statutory liquidity ratios have remained unchanged. As for the provision of counting debentures issued by banks and financial institutions 100 percent as a source until December-January, it has been decided to count them 50 percent as a resource until the end of the current fiscal year. Write your comments RELATED NEWS US, Pakistan and Iran begin high-level talks in Islamabad Inaugural session of HoR ends with election of Speaker and… Hospital Service Reform Procedure in place DoI clarifies migrant workers no need to carry additional documents Two ministers sworn in E-pension verification system launched Top Headlines Before the Ballots: How Oli Lost the Political Narrative1 Nepali Congress provides financial assistance for Samba’s treatment2 NC President Thapa expresses sorrow over Dhading bus accident3 Govt declares three-day public holiday of election4 PM Karki addresses 61st Session of Human Rights Council: Reaffirms Nepal’s unflinching commitment to advancing human rights5 Jagdamba Group Chairman Shankar Agrawal Arrested6 Two Offices Under Ministry of Communication to Be Abolished7 We will return the savings of cooperative victims within 100 days : Rabi Lamichhane8 TRENDING What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Impact of Social Media on Nepalese Society Public Relations for a Soldier Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions Lockdown 2.0: What the Government should do this time around Hungry people out on streets, but the government nowhere to be seen This time’s Teej, social distancing please!
