Tight monetary policy by NRB within the Third week of July (Sharwan 1st week 2079)

Jul Tue 2022 01:59:18

912 views

Tight monetary policy by NRB within the Third week of July (Sharwan 1st week 2079)

Kathmandu. Nepal Rastra Bank is preparing to bring the monetary policy for the coming Fiscal Year 2079/80. NRB has been conducting discussions and suggestions with various experts on monetary policy. NRB Assistant Spokesperson and Information Officer Narayan Prasad Pokharel informed that preparations are being made to make public the monetary policy for the coming fiscal year within the first week of July.

Experts are suggesting that Nepal Rastra Bank should bring a tight monetary policy when the country's economy is in a negative direction. The former governor of Nepal Rastra Bank, Dr. Chiranjeevi Nepal explains. Stressing on the need to bring a very balanced monetary policy, he said, "Monetary policy should be brought in a way that controls credit expansion and balances the market." Monetary policy should be introduced to increase confidence by balancing the financial sector. The monetary policy of the coming year should be very strict. '

Former Governor Dr. Nepal Rastra Bank is also preparing to bring a tight monetary policy, said Pokharel. "The country's economy is under pressure," he said. In such a situation, we are under pressure to tighten monetary policy. Accordingly, we are preparing to bring monetary policy.

Governor Maha Prasad Adhikari has been saying that he will not bring loose monetary policy in various discussion programs related to monetary policy. With pressure on almost all indicators of the economy, the governor said monetary policy would be introduced using the principles brought by world economists to address its effects.