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 Existing Constitution doesn’t recognise monarchy: Lawmaker Pant Women Leadership Summit 2025: PM Oli calls for bringing positive… HoR Session: Lawmakers express objection to lifelong benefits to former… Fire at Syuchatar perishes property worth Rs 1.5 million Rs 4 billion collected in revenue from realty business in… Expenditure exceeds income, but dev spending only at 23 per… 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 This time’s Teej, social distancing please! Govt Making Preparations to Reduce the Tenure of Armed Police Force’s IG to Three Years Kulman Ghising’s reappointment issue stirs conflict between Prime Minister Oli, Energy Minister Pun Green recovery: An urgency NC work execution committee meeting tomorrow US presidential candidate Biden picks Kamala Harris as running mate West Jajarkot locals demand law and order Indian RAW Chief Goel meets Prime Minister Oli after coming to Nepal from Bhutan