Kathmandu. Nepal Rastra Bank has made public the review of monetary policy for the second quarter of the current fiscal year 2081/82. The seven-page review mentions seven new arrangements, of which three old arrangements have been kept unchanged and four are new arrangements. The Rastra Bank has made seven new arrangements by making the review public. The existing policy rate has been kept unchanged at 5.0 percent, the deposit collection rate, which is the lower limit under the interest rate corridor, at 3.0 percent, and the bank rate, which is the upper limit under the interest rate corridor, at 6.5 percent,' the review said.

Although the latest trend of price increase has pointed out the need to increase the policy rate, the Rastra Bank has said that the cautiously flexible course of action taken while issuing the monetary policy for the fiscal year 2081/82 has been maintained as a high priority.

The new arrangements are as follows:

- The existing policy rate of the monetary policy has been maintained at 5.0 percent, the deposit collection rate, which is the lower limit under the interest rate corridor, at 3.0 percent, and the bank rate, which is the upper limit under the interest rate corridor, at 6.5 percent.

- The mandatory cash balance and statutory liquidity ratio have been maintained.

- A provision will be made to fix the interest rate of loans of microfinance financial institutions by linking it to the base rate from 2082 Jestha.

- The loan-to-value ratio limit for personal vehicles and all types of electric vehicles will be set at 60 percent.

- The existing 1.10 percent loan loss provision for good loans will be maintained at 1.0 percent.

- The existing 15 percent limit of core capital for non-deliverable forwards will be increased to 20 percent.