Nepal Rastra Bank is going to reveal the monetary policy of the current fiscal year today. NRB is set to make public the monetary policy for the fiscal year 2021/22 today at 4 PM.
Spokesperson of Nepal Rastra Bank Dev Kumar Dhakal informed that the monetary policy will be made public after the meeting of the Board of Directors.
The bank had earlier planned to bring in documents but was stopped after the fall of the then Prime Minister KP Sharma Oli-led government. The monetary policy was introduced on July 20 last year. However, this time it is too late to bring monetary policy.
Governor of Nepal Rastra Bank Maha Prasad Adhikari had made preparations to bring monetary policy in the third week of July. However, it was delayed after Finance Minister Janardan Sharma instructed to hold it for a time being.
In this monetary policy, the NRB has decided to give concession in spread rate to the banks going for big merger. Likewise, the central bank is bringing monetary policy with the credit expansion at only 19 percent.
Sources have claimed that this time the monetary policy will not have a policy that will directly affect the share market. It has been decided that the right shares will not be given this time as well.
NRB is preparing to bring monetary policy to help boost the troubled economy.
