Finance Minister Dr. Swarnim Wagle Denies Government Interference in Nepal Rastra Bank Autonomy
Summary
Finance Minister Dr. Swarnim Wagle has denied that the government is interfering in Nepal Rastra Bank’s autonomy, saying the finance secretary only coordinates fiscal and monetary policy. MPs, however, warned that the proposed amendment to the Nepal Rastra Bank Act could weaken the central bank’s independence.
Key Points
- Finance Minister Dr. Swarnim Wagle said the government will not unnecessarily interfere in Nepal Rastra Bank’s monetary policy, circulars or decisions.
- He said the Finance Secretary acts only as a bridge to coordinate fiscal and monetary policy, not to block or override the governor.
- Several MPs argued that the proposed amendment to the Nepal Rastra Bank Act could undermine the central bank’s autonomy.
- The clause-wise discussion on the bill has been completed and the committee secretariat has been directed to prepare the report.
