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 PM Prachanda says country exporting 10,000 megawatts of electricity in… Media’s role significant in addressing climate change crisis: Minister Sharma Home Minister Lamichhane instructs TIA to prioritise passengers’ interests Laxmi Sunrise Bank Champions Women’s Empowerment through ‘Shikshit Laxmi’ Initiative Efforts underway to end parliament deadlock Price of gold hits Rs 140 thousand per tola Top Headlines Nepal, India sign long-term agreement on electricity export, materializing MoU reached during PM’s visit1 NC, Maoist Centre discuss about NA election2 1.3 kilos of gold confiscated from TIA3 Govt. forms former-judge Poudel led probe commission to investigate Balkumari incident4 Dhakal recommended as SC chief registrar5 Manpower agency owner arrested for cheating more than Rs 1.9 million6 President expresses concern over ’emptying’ villages for lack of employment opportunities7 PM Dahal stresses on developing innovative agricultural system8 TRENDING Once on the Margins, Women Diplomats Are Now Making Their Mark in Nepal’s Foreign Service Sector What Makes Prithivi Narayan Shah a Philosopher and a Truly Democratic King? A phone call that paved the way for RAW Chief’s visit to Nepal What role has the Nepal Army been playing in controlling the coronavirus? National Poet Madhav Prasad Ghimire no more Army Day : Five facts about Nepal’s ‘blue helmets’ in UN-peacekeeping missions We need to be serious about the international scenario post-Covid: Dr. Nischal N. Pandey Why Are Boys Unexpressive?