Monetary policy cautiously flexible: NRB
Summary
Nepal Rastra Bank maintains cautious flexibility in its first quarterly monetary policy review of fiscal year 2082/83, anticipating gradual economic improvement amid government efforts and increased hydropower production.
Key Points
- Nepal Rastra Bank conducted the first quarterly review of fiscal year 2082/83 with cautious flexibility in monetary policy.
- Government policy initiatives and NRB monetary facilitation are expected to gradually improve the national economy.
- Nepal received a BB minus Sovereign Credit Rating by Fitch Rating this year.
- Hydropower production increased with 309 MW linked to the national transmission line in the past three months.
