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July 14: Nepal Rastra Bank (NRB) has unveiled the monetary policy for the upcoming FY 2016/17 in a bid to achieve targets announced by the government on the recent budget speech.
Dr Chiranjibi Nepal, Governor of NRB unveiled the monetary policy amid a program in the capital today.
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<p style="text-align:justify">Dr Chiranjibi Nepal, Governor of NRB unveiled the monetary policy amid a program in the capital today.</p>
<p style="text-align:justify">The monetary policy has aimed to limit inflation to 7.5 per cent. Similarly, it has targeted economic growth of 6.5 per cent for the upcoming FY. Likewise, it has predicted internal loan expansion of 25 percent and private sector’s loan extension of 20 percent. The monetary policy has extended time-period of maintaining mandatory cash reserve from one week to two week.</p>
<p style="text-align:justify">For the first time, NRB has planned of implementing interest rate corridor through the monetary policy. The policy has prioritised flow of capital to various productive sectors including agriculture, energy, tourism, small and cottage industries as well as underprivileged population.</p>
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<p style="text-align:justify">Dr Chiranjibi Nepal, Governor of NRB unveiled the monetary policy amid a program in the capital today.</p>
<p style="text-align:justify">The monetary policy has aimed to limit inflation to 7.5 per cent. Similarly, it has targeted economic growth of 6.5 per cent for the upcoming FY. Likewise, it has predicted internal loan expansion of 25 percent and private sector’s loan extension of 20 percent. The monetary policy has extended time-period of maintaining mandatory cash reserve from one week to two week.</p>
<p style="text-align:justify">For the first time, NRB has planned of implementing interest rate corridor through the monetary policy. The policy has prioritised flow of capital to various productive sectors including agriculture, energy, tourism, small and cottage industries as well as underprivileged population.</p>
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