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 NGO Federation’s Declaration handed over to PM Oli HoR meeting: Call for diplomatic initiative to bring back bodies… Efforts on to douse fire at Gorakhnath community forest in… Five hydel projects agree to address local people’s demands Existing Constitution doesn’t recognise monarchy: Lawmaker Pant Women Leadership Summit 2025: PM Oli calls for bringing positive… Top Headlines Scrutinizing Relevance of Prithivi Narayan Shah´s Thoughts and Strategy1 Relevance of Prithivi Narayan Shah in Contemporary Nepal2 Photo exhibition at Nepal Army Headquarters3 NA team sets out on Gorakha-Kathmandu march to promote ‘unification route’4 Ncell is the FIRST Nepali Telecom Company to receive ISO 27001 and ISO 27701 certifications for information security and data privacy5 PM Oli, Sri Lankan’s former President meet6 PM Oli extends New Year greetings7 Gold price ups Rs 2,000 per tola8 TRENDING Pathao, Tootle resume ride sharing services after authorities relax lockdown The Role of the Nepalese Army in Strategic Road Projects Police make a woman public in connection to Gongabu murder case This time’s Teej, social distancing please! Now more than ever, support the IT sector Govt Making Preparations to Reduce the Tenure of Armed Police Force’s IG to Three Years Tourism entrepreneurs get crash course in Chinese language “Ranju Darshana: Government has been using superiority approach to handling pandemic”