NRB targets robust private sector credit growth next FY despite repeated shortfalls
Summary
Nepal Rastra Bank projects an 11% private sector credit growth for the next fiscal year despite past shortfalls and aims to maintain inflation at 5.5%.
Key Points
- Nepal Rastra Bank targets 11% private sector credit growth in FY 2026/27 despite previous shortfalls.
- Private sector credit growth has been modest at around 6% against a 12% projection in the current fiscal year.
- NRB Governor Bishwo Nath Poudel announced continuity in flexible monetary policy including bank rates and deposit rates.
- Monetary policy aims to control inflation within 5.5% and introduce measures like sterilized intervention to stabilize money supply and exchange rate.
