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NRB keeps bank rate unchanged, general flexibility in policy rate
July 23, 2023 14:15 pm
KATHMANDU, July 23: Nepal Rastra Bank (NRB) has reduced the policy rate keeping the bank rate unchanged at 7.5 percent. While unveiling the monetary policy for the fiscal year 2023/24, the NRB announced that the policy rate has been reduced by to 6.5 percent in view of the internal and external economic scenario. Similarly, the deposit collection rate has been reduced from 5.5 percent to 4.5 percent, according to the NRB.
NRB unveils monetary policy for FY 2023/24
July 23, 2023 13:55 pm
KATHMANDU, July 23: On Sunday, Nepal Rastra Bank (NRB) unveiled the monetary policy for the current financial year 2023/24, making significant adjustments to key interest rates. The policy rate has been reduced from 7 percent to 6.5 percent, a move aimed at stimulating economic growth.
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