NRB rolls out growth-focused monetary policy, aims to fuel 7% expansion
Summary
Nepal Rastra Bank has introduced a flexible monetary policy aimed at supporting 7% economic growth through increased lending, investment, and private sector confidence.
Key Points
- Nepal Rastra Bank introduced a more flexible monetary policy for the new fiscal year focused on supporting 7 percent economic growth.
- The policy projects average inflation at around 5.5 percent with potential risks including geopolitical tensions and higher inflation in India.
- NRB plans to expand bank lending by Rs 652 billion and has already facilitated nearly Rs 6 trillion credit extension by banks and financial institutions.
- The monetary policy promotes digitalisation in banks and financial institutions for improved efficiency and supports restructuring distressed industries.
