Kathmandu. Nepal Rastra Bank has made public the semi-annual review of monetary policy for the Fiscal Year 2078/79. Nepal Rastra Bank is going to review the risk weight of share loan of margin nature. NRB announces monetary policy today Gunakar Bhatta said that the decision has been taken to review the risk weight of the share loan and the details will be given in the directive.

As a sign of the monetary policy direction, the bank rate has been increased by 2 percentage points from the existing 5 percent to 7 percent. The fixed liquidity facility rate related to interest rate corridor has been fixed at 7 percent, policy repo rate at 5.5 percent and deposit collection rate at 4 percent. The existing mandatory cash ratio and statutory liquidity ratio have been maintained.

Similarly, the risk weight of import loan including trust receipt, personal overdraft loan, real estate loan related to land plotting, personal hire purchase loan and loan of margin nature has been mentioned.

Under the refinancing facility provided on the collateral of good loans provided by banks and financial institutions, the maximum interest rate to be charged from the concerned customers will be maintained at 7 percent.

The review of monetary policy will include review of import risk including trust receipts of banks and financial institutions, personal overdraft loan, real estate loan related to land plotting, personal hire purchase loan and loan of margin nature.