Nepal Rastra Bank Releases Annual Macroeconomic and Financial Report on Nepal's 2024/25 Situation
Summary
Nepal Rastra Bank released its annual macroeconomic and financial report for FY 2024/25, highlighting inflation at 4.06%, increased foreign exchange reserves, and significant growth in exports and imports.
Key Points
- Inflation stood at 4.06 percent year-over-year in FY 2024/25 according to Nepal Rastra Bank.
- Gross foreign exchange reserves increased to $19.50 billion USD, a 31.2 percent rise from last year.
- Merchandise exports rose by 81.8 percent, while imports increased by 13.3 percent, widening the trade deficit.
- Remittance inflows increased by 19.2 percent, reaching Rs.1723.27 billion in 2024/25.
