Experts Urge Long-Term Vision for Monetary Policy
Summary
Experts urge a long-term vision for Nepal's upcoming monetary policy, emphasizing alignment with fiscal policy and addressing excess liquidity in banks.
Key Points
- Experts stress that Nepal's upcoming monetary policy should have a 5-year long-term vision rather than a short-term focus.
- The monetary policy should work in coordination with fiscal policy to address issues like excess liquidity and low capital expenditure.
- Nepal Rastra Bank's Executive Director emphasizes that financial sector stability is the main goal, not just credit expansion.
- Former officials highlight the impact of past tight policies on the economy and the need for clear sectoral credit targets for economic growth.
