KATHMANDU, July 29: The Confederation of Nepalese Industries (CNI) has said that the provisions made by the Monetary Policy are likely to put pressure on the external sector and decrease foreign exchange situation.
KATHMANDU, July 26: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI), an umbrella organization of the Nepali private sector, has said that the current fiscal year’s monetary policy will create more pressure on liquidity which has already been witnessing a strain for the past eight months.
Earlier last week, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23, a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.
KATHMANDU, July 25: Last Friday, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari announced the monetary policy for fiscal year 2022/23,a document everyone had pinned their hopes on, expecting it to come up with magical solutions for a number of problems facing the country, including the persistent liquidity problem and external sector stability.
KATHMANDU, July 22: Nepal Rastra Bank (NRB) on Friday said that the tightened monetary policy will not affect the government in achieving its targeted economic growth, but will only control the loans being floated to the unproductive sectors that includes the excessive imports.
KATHMANDU, July 10: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari on Sunday urged the private sector including banks not to seek individual profit at a time when the country faces challenges due to poor performance of the macroeconomic indicators owing to external factors along with a liquidity crisis in the banking sector.
KATHMANDU, June 7: Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari said that the privileges and relaxations provided to various sectors during the COVID-19 pandemic would be gradually lifted to prevent such measures from becoming counterproductive.
KATHMANDU, Feb 19: Private sector has expressed its skepticism that the mid-term review of monetary policy may not help solve existing liquidity crunch in the banking system as the revised policy has mostly focused on enforcing short-term instruments rather than introducing measures to ensure long term solutions.
KATHMANDU, August 21: The most important question has never been raised: Can an open economy like Nepal pursue an independent monetary policy and inflation rate by maintaining a stable exchange rate with its major trading partners? My answer is a ‘no’. Unfortunately, policymakers never know, despite comments in the past from many organizations and individuals.
KATHMANDU, August 16: Finance Minister Janardan Sharma has expressed strong dissatisfaction over leaked out information related to the monetary policy 2021/22 before its official announcement on Friday.
KATHMANDU, August 14: The country’s private sector has welcomed the monetary policy 2021/22, stating that the macroeconomic policy could provide respite to the COVID-19 affected industries including small and medium enterprises (SMEs) and tourism businesses, along with speeding up the economic recovery.
KATHMANDU, August 13: Nepal Rastra Bank is going to make the monetary policy for the current fiscal year 2021/22 public today. A meeting of the Board of Directors of NRB held to discuss the monetary policy endorsed the policy for the current fiscal year.
KATHMANDU, May 18: Nepal Rastra Bank (NRB) has sought to waive the cash fines and ‘late fees’ to borrowers of banks and financial institutions (BFIs) for the period of prohibitory orders provided they are unable to pay back the loan amount on time.
KATHMANDU, March 2: Nepal Rastra Bank (NRB) has warned the banks and financial institutions (BFIs) to take action if they are found not maintaining the spread rate as provisioned by the monetary policy.
The Nepal Rastra Bank recently released the monetary policy for the current fiscal year 2020/21. This is the 19th in the series after the Nepal Rastra Bank started to introduce the annual monetary policy in 2002 in line with a provision of the Nepal Rastra Bank Act (2002).
KATHMANDU, July 18: The NRB unveiled its monetary policy for the current fiscal year 2020/21 introducing a number of relief measures for businesses battered by COVID-19. The private sector that has been bearing the brunt of the pandemic had pinned its hope on the monetary policy for revival and recovery.
In an interview with Republica’s Sagar Ghimire on Monday, Governor Adhikari discussed the focus of the upcoming monetary policy, plans to provide relief and other facilities to businesses battered by the pandemic, efforts to lower interest rates and measures to safeguard financial stability during the crisis, among others.
KATHMANDU, March 6: Nepal Rastra Bank (NRB) has allowed commercial banks to accept gold as interest-earning deposit which is expected to inject more cash into the market as well as help the banks to maintain their obligation for liquid assets.
KATHMANDU, Mar 4: The Nepal Rastra Bank (NRB) has softened its lending limit for first-time homebuyers giving respite to the manufacturers of construction materials that have been running in under capacity.
BEIJING, Sept 24: China’s central bank governor said Tuesday its monetary policy will stay “stable and healthy,” suggesting Beijing has no plans to join the United States and Europe in cutting interest rates to stimulate economic growth amid a tariff war with Washington.
Nepal Rastra Bank (NRB) issued the monetary policy for the current fiscal year 2019/20 last week. One of the major expectations of the private sector from the central bank’s monetary policy was measures to check the skyrocketing interest rates of bank and financial institutions (BFIs).
KATHMANDU, July 25: Nepal Rastra Bank (NRB) has introduced its monetary policy for the new fiscal year 2019/20, focusing on making liquidity management more efficient and maintaining interest rate stability.
KATHMANDU, July 24: Nepal Rastra Bank unveiled Monetary Policy for the Fiscal Year 2019/20 on Wednesday that has paved the way for the establishment of branches of Nepali financial institutions in foreign countries.
KATHMANDU, Feb 20: Nepal Rastra Bank (NRB) has released the mid-term review report of the monetary policy for the current Fiscal Year 2018/19, bringing some measures aimed at checking ultra-high lending rates and availing more lendable fund to the private sector.