Monetary policy cautiously flexible: NRB
Summary
Nepal Rastra Bank maintains cautious flexibility in its monetary policy amid economic recovery, hydropower growth, and stabilizing tourism.
Key Points
- Nepal Rastra Bank continued cautious flexibility in monetary policy in the first quarterly review of fiscal year 2082/83.
- Government policy initiatives and NRB facilitation are expected to improve the national economy gradually.
- Nepal retained a BB minus sovereign credit rating by Fitch this year.
- Hydropower production linked 309 MW to the national transmission line in the past three months.
