Key Takeaways from NRB’s Eight-Month Macro-Financial Situation Report
Summary
Nepal Rastra Bank's eight-month report for FY 2025/26 shows macroeconomic resilience with moderate inflation at 3.62%, robust foreign exchange reserves covering 18.5 months of imports, and a current account surplus driven by strong remittance inflows. Domestic credit growth remains cautious while fiscal prudence and low interest rates support economic stability.
Key Points
- Consumer price inflation moderated to 3.62% year-on-year in mid-March 2026, lower than the previous year.
- Gross foreign exchange reserves increased 27.5% to Rs 3,413.77 billion, sufficient to cover 18.5 months of imports.
- The current account surplus more than doubled to Rs 552.85 billion, supported by a 37.7% rise in remittances.
- Private sector credit grew modestly by 4.4%, reflecting cautious lending amid high liquidity and stable monetary policy.
