Banks Interest rates to fall Upcoming monetary policy : Governor MahaPrasad Adhikari

Jun Tue 2023 02:11:09

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Banks Interest rates to fall Upcoming monetary policy : Governor MahaPrasad Adhikari

Kathmandu. Nepal Rastra Bank Governor Mahaprasad Adhikari said that the monetary policy for the next financial year is ready to be brought by 15th shawan 2080. The Governor Adhikari said this in the post-budget discussion program organized by Economic Media Society Nepal (Emson).

He said that the monetary policy that can be introduced by July 15 will also follow the target of economic growth of 6 percent. He informed that he has also asked for opinions and suggestions from various agencies for monetary policy. On the same occasion, Governor Adhikari said that he will follow the target of economic growth set by the budget.

According to the governor official, the budget for the next financial year has been made keeping in mind the slackness of the economy and the monetary policy for the next year will also be made to facilitate the same budget. In addition, he said that the budget ceiling of 17 trillion 51 billion has come to raise the slackness of the economy.

Nepal Rastra Bank has prepared a monetary policy to achieve the budget target. Bank interest rates can be further reduced through monetary policy when the situation becomes easier. However, if the situation is not easy, then you will have to bear the pain.