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 Willpower needed for disaster management: DPM Lamichhane Chief Minister Adhikari seeking vote of confidence on May 5 Government has carried out bold and pro-people works: PM Dahal Kathmandu again ranked world’s most polluted city with AQI 162 Risk-bearing vital for economic achievements: Finance Minister Pun Election Commission submits by-election report to President 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 Nepal Army opens investigation into case of captains thrashing soldier in Congo Bhaktapur Hospital operates ICU service after 116 years since establishment Govt appoints Deepak Bhandari as NARC’s Executive Director Huawei Opens Its Largest Global Cyber Security and Privacy Protection Transparency Center in China Shailung Group, Hobiko to be blacklisted for failure to supply chemical fertilizers in time Country’s GDP projected to increase by 2.7 per cent in next Fiscal Year Brigadier General Dinesh Kumar KC dies from COVID-19 UML to stand against impeachment motion against CJ Rana