KATHMANDU, July 26: The Nepal Rastra Bank (NRB) is scheduled to announce its monetary policy for the fiscal year 2024/25 today.
Prior to the public release, a meeting of the NRB Board of Directors will convene this morning. The announcement, originally planned for last Friday, was postponed following Dr Yuvraj Khatiwada's appointment as the Prime Minister’s economic advisor.
Revised interest rate corridor system introduced
The delay in releasing the policy came as a result of this recent development.
Earlier this week, Prime Minister KP Oli, during a vote of confidence, highlighted the importance of flexibility in monetary policy. He also highlighted the renewed enthusiasm in the stock market following the formation of a new government and expressed a commitment to bolster other sectors of the economy.
