Nepal Rastra Bank to announce Monetary Policy for fiscal year 2024-25 today

KATHMANDU: The Nepal Rastra Bank (NRB) is set to unveil its monetary policy for the fiscal year 2024-25 today. The announcement will follow a meeting of the NRB Board of Directors, scheduled to convene this morning.

The release of the monetary policy, initially slated for last Friday, was postponed due to the recent appointment of Dr. Yuvraj Khatiwada as the Prime Minister’s economic advisor. This key development has led to a delay in the policy’s announcement, as the new economic advisor’s input is considered critical for shaping the nation’s financial strategy.

Earlier this week, Prime Minister KP Sharma Oli, while seeking a vote of confidence, emphasized the need for a flexible monetary policy. He underscored the renewed enthusiasm in the stock market following the formation of the new government and expressed a strong commitment to invigorating other sectors of the economy.

“The new monetary policy aims to address the current economic challenges and provide a robust framework for sustainable growth,” Prime Minister Oli stated. “We are committed to creating a conducive environment for investment and ensuring economic stability.”

Economic analysts and stakeholders are eagerly awaiting the NRB’s monetary policy, which is expected to outline key measures to control inflation, stabilize the exchange rate, and support economic recovery post-pandemic. The policy will also likely address liquidity management in the banking sector and promote credit flow to productive sectors.

The NRB’s monetary policy announcement is a significant event for the Nepali economy, impacting various sectors including banking, investment, and trade. With the recent positive trends in the stock market, the new policy is anticipated to further boost investor confidence and drive economic growth.

Stay tuned to Fiscal Nepal for detailed coverage and analysis of the NRB’s monetary policy announcement and its implications for the economy.