New Monetary Policy Targets 7% Economic Growth, Seeks to Hold Inflation at 5.5%
Summary
Nepal Rastra Bank announces its 25th monetary policy targeting 7% economic growth and maintaining inflation at 5.5% for fiscal year 2083/84, while ensuring financial stability and simplifying banking regulations.
Key Points
- Nepal Rastra Bank has released its 25th annual monetary policy for fiscal year 2083/84.
- The policy targets a 7.0% economic growth rate while aiming to keep inflation within 5.5%.
- Key interest rates and regulatory requirements like cash reserve ratio remain unchanged.
- NRB plans to simplify banking directives and introduce supportive measures for electric vehicles and loan restructuring.
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