Monetary Policy review to facilitate credit flow: Governor

Published On: December 8, 2023 08:05 PM NPT By: Republica | @RepublicaNepal

KATHMANDU, Dec 8: Nepal Rastra Bank’s Governor Mahaprasad Adhikari said the first quarter review of the monetary policy for the current fiscal addresses various issues affecting current inflation, the status of balance of payment and growth rate of the bank loans for the private sector among others.

In a press conference organized on Friday to inform about the quarterly review of the monetary policy, Governor Adhikari said that the Nepal Rastra Bank (NRB) had adopted the policy to facilitate the expansion of loan and facilitation for continuity of business for the good borrowers.

Adhikari informed that the NRB would deal strictly with the debtors not clearing their loans while those debtors who are genuinely in trouble will be facilitated for loan restructuring.

He reaffirmed that the NRB is determined to maintain the interest rate corridor as well as to maintain the policy rate in view of inflation.

(RSS)

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