Kathmandu. Nepal Rastra Bank (NRB) has issued a statement for the current fiscal year 2082. The third quarter review of the monetary policy of 83 years has been made public. The NRB has made public the review as per the provision that the monetary review should be brought within 45 days of the end of the quarter.
In its monetary review released on Friday, the central bank said that the policy line of flexible monetary policy taken since the beginning of the current fiscal year has been continued on the basis of the projection that foreign exchange reserves and inflation will remain in line with the NRB target.
Likewise, the existing provisions relating to interest rate corridor, bank rate, mandatory cash reserve and legal liquidity ratio have been retained. In order to make the interest rate corridor more effective, the provision of providing permanent deposit facility to banks and financial institutions will be reviewed.
The NRB expects that the monetary policy of the current fiscal year and the provisions made in its reviews will help in the expansion of economic activities by maintaining price stability, external sector and financial sector.
Thanking all the stakeholders who provided direct or indirect support during the review of the monetary policy, the Rastra Bank has expressed confidence that there will always be cooperation from all in the implementation of the monetary policy.
