NRB Spokesperson Poudel: Monetary Policy to Support Budget
Summary
Nepal Rastra Bank will formulate its monetary policy to support the government's budget, with plans to establish an asset management company for non-banking assets and focus on facilitating loans to small sectors.
Key Points
- Nepal Rastra Bank will align its monetary policy to support the government's budget and its directional goals.
- An asset management company for non-banking assets is expected to be established this year as per government deadlines.
- Despite low interest rates and sufficient liquidity, credit expansion in the banking sector is not happening as expected.
- Efforts are underway to facilitate loans to small sectors and introduce P2P lending systems to ease credit access.
