FNCCI Submits Monetary Policy Suggestions to Boost Private Sector Confidence
Summary
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged the central bank to implement monetary policy measures that boost private sector confidence and revitalize economic activity beyond just lowering interest rates.
Key Points
- The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) submitted recommendations for the upcoming fiscal year's monetary policy.
- FNCCI emphasized that monetary policy should focus on mobilizing stagnant capital, not just lowering interest rates.
- The federation highlighted that the ongoing economic slowdown cannot be fixed by low interest rates alone due to low market demand.
- FNCCI urged the central bank to adopt supportive measures to rebuild private sector confidence and encourage new investments.
