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<span style="font-size: 14px;">Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent. <br />
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<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
</span></p>
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<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
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</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
</span></p>
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</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
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</span></p>
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</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
</span></p>
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Indian Interest Rate 5 Times Higher Than Nepal’s
1 min 24 sec to read
Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent.
Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy.
He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side.
However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.
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<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
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</span></p>
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<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
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<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
</span></p>
<p style="text-align: justify;">
<span style="font-size:14px;">However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.</span></p>',
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<span style="font-size: 14px;">Compared to Nepal, India has five times higher real interest rate. According to statistics of Nepal Rastra Bank, Nepal’s average real interest rate between 1975 and 2010 remained at mere 1.32 per cent. Similarly, record of Reserve Bank of India (RBI) says average interest rate in India during the same period was 6.68 per cent. <br />
</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">Nepal had negative real interest rate (after adjusting for inflation) while India had positive real interest reate in most of the years during this period. Economists say that low real interest rate discourages savings and thus slows down the economy’s growth rate. Dr Chiranjivi Nepal, an Economist said that Nepali authorities must consider Indian policies while formulating monetary policy. <br />
</span></p>
<p style="text-align: justify;">
<span style="font-size: 14px;">He added, “While Indian central bank has been diligently trying to make sure that the real interest rate is positive, Nepali policy makers seem unaware of the seriousness of this issue.†RBI, in the last 18 months increased bank rate more than 12 times to control inflation and maintain the real interest rate at positive side. <br />
</span></p>
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<span style="font-size:14px;">However, Nepal’s bank rate has remained constant for a long time while the inflation has doubled in last five years. When annual consumer inflation reached 15 per cent, two years back, real interest rate was negative by more than 10 per cent. According to Dr Nepal, the liquidity crunch faced by Nepal’s banking system recently was due mainly to the capital flight induced by the negative real interest rate in Nepal.</span></p>',
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View::_renderElement() - CORE/Cake/View/View.php, line 1224
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View::_evaluate() - CORE/Cake/View/View.php, line 971
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[main] - APP/webroot/index.php, line 117
