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 Flood relief funds reach Rs 17.54 billion Landslide suspected as cause of deadly Budhi Gandaki flood CJP leaders released after 24 hours in Delhi police custody Riyadh airport attack kills 12, injures 309 Flood sweeps away six bridges, 10 people missing Flood sweeps away 35 homes in riverside villages Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Nepal “a Buffer State”: Rethinking foreign policy in relative terms2 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief3 When the State Pulls the Trigger, Who Answers ?4 Before the Ballots: How Oli Lost the Political Narrative5 PM Shah pledges Krishnabhir highway reopening within month6 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward7 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns8 TRENDING We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Lockdown 2.0: What the Government should do this time around Police make a woman public in connection to Gongabu murder case Namrata is Miss Nepal 2020 Nepal Army’s Brigadier General Bigyan Dev Pandey gets promoted to Major General The FinCEN Files: Nepali banks and companies transact billions of rupees through dubious channels Now more than ever, support the IT sector “Ranju Darshana: Government has been using superiority approach to handling pandemic”
