My Republica

Maha Prasad Adhikari

The writer is the Governor of Nepal Rastra Bank (NRB), the central bank of the country.
news@myrepublica.com

Nepal's financial sector sees significant reforms, focus shifting to financial consolidation

Published On: September 14, 2024 08:35 AM NPT By: Maha Prasad Adhikari

The global economic situation continues to recover slowly and unevenly from the shocks of the COVID-19 pandemic and subsequent geopolitical tensions. Many central banks are still maintaining their tight monetary policy stance to manage the inflation. The interconnectedness of global markets needs policy harmonization to mitigate impact of global shocks on economic activity.