The monetary policy for the current fiscal year 2080-81 (2023-2024) has
been published by the Nepal Rastra Bank (NRB).
The central bank
through the policy has dropped the policy rate, and kept intact the mandatory
cash ratio and the statutory liquidity ratio of banks and financial
institutions.Similarly, the bank rate has remained unchanged, and the bidding
rate in deposit collection has been decreased.
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In view of the
internal and external economic scenario, the policy rate has reduced 50 base
points to 6.5 percent. The bank rate has been kept intact at 7.5 percent while
the bidding rate in deposit collection has dropped to 4.5 percent from 5.5
percent.
The secondary market transaction and the bidding in the
deposit collection will remain open if the weighted interbank interest rate
considered the operation target by the Rastra Bank is higher than the bank
rate and lower than the deposit collection rate.Similarly, the provision of
the permanent liquidity facility in the bank rate and the overnight liquidity
facility in the policy rate has been kept unchanged. There will be a provision
of providing the permanent deposit collection at the lower limit of the
interest rate corridor for making the interest rate corridor effective,
according to the central bank.
View complete Monetary Policy 2080-2081 (2023/ 2024) :
