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 Nepali lawmakers seek probe into Tarai unrest Nepal plans higher LPG imports, tightens distribution Delhi chief minister to visit Nepal’s Pashupatinath temple Nepal stocks slide 21 points as trading eases Nepal eye camp restores sight across Bangladesh Iran denies US talks despite Trump’s negotiation claim Top Headlines Monsoon is predictable and Nepal’s disaster response should be too1 Before the Ballots: How Oli Lost the Political Narrative2 Balen’s Silence Has Invited Curiosity, Confusion, and Concerns3 Nepal “a Buffer State”: Rethinking foreign policy in relative terms4 Nepal’s Political Renaissance: The rise of the RSP, the re-ordering of the old political order and the political path forward5 Promotion Linked to Future Military Leadership: Major General Magar Could Become Army Chief6 Jagdamba Group Chairman Shankar Agrawal Arrested7 ‘Promotion of Ayurveda, Yoga and meditation along with modern medicine positive’8 TRENDING Time Tested Friendship-Suresh Sharma Why US Indo-Pacific strategy will fail International Sign Language Day: three headways of Nepali Sign Language in State-1 US presidential candidate Biden picks Kamala Harris as running mate Combatting Asia Pacific’s digital skills deficit in the post-Covid era COVID-19: Myths and facts Airfare from Humla to Nepalgunj decreases Local governments slam ‘unilateral’ Koshi Project works by India in Sunsari
