Earlier, Nepal Rastra Bank (NRB), through a notice, informed that the Monetary Policy is being made public at 4pm today. It is said the monetary policy has kept the policies and programmes adopted in the budget for the current fiscal year at the centre in the context of problems seen in some economic indicators.
The monetary policy is aimed at curbing lending in the unproductive sector as well as making some new provisions on what types of tools to use to prevent an increase in the bank interest rate.
It is seen that the monetary policy will also be required to address the target of eight percent economic growth rate envisioned by the government in the current fiscal year.
NRB had discussed about the monetary policy with Prime Minister Sher Bahadur Deuba, who is also looking after the Finance Ministry, on Thursday evening. NRB Board of Governors has already endorsed the monetary policy.
