KATHMANDU, July 26: The Nepal Rastra Bank (NRB) unveiled the monetary policy for the current fiscal year 2024/25 on Friday.
The policy announcement followed a meeting of the NRB’s Board of Directors earlier this morning.
Governor Maha Prasad Adhikari presented the new monetary policy during an event held at Baluwatar.
Revised interest rate corridor system introduced
According to Adhikari, the policy has been designed to be flexible, taking into account the government’s budget programs and the 16th development plan.
The release of the monetary policy, originally scheduled for the previous Friday, was postponed.
This delay occurred after Dr Yuvraj Khatiwada, a former Finance Minister and ex-Governor of the NRB, was appointed as the Prime Minister’s economic advisor.
As a result, the policy’s publication was temporarily halted.
Earlier in the week, Prime Minister KP Oli, during a vote of confidence, highlighted the importance of a flexible monetary policy.
He said that the formation of the new government has boosted enthusiasm in the stock market and reaffirmed his commitment to strengthening other sectors of the economy.
