NRB maintains Monetary Policy for FY 2024/25 in quarterly review
Kathmandu: Nepal Rastra Bank (NRB) has published the first quarterly review of the monetary policy for the fiscal year 2024/25, confirming the continuation of the policy framework announced in mid-July.
The NRB has stated that the current monetary policy aims to support the expansion of economic activities while ensuring price stability and external sector stability. According to the review, the policy will remain flexible, guided by the current economic outlook, foreign exchange reserves, and inflation trends. The central bank emphasized its approach to managing liquidity to foster economic growth using available resources.
The NRB has decided to keep the policy rate unchanged at 5%, with the deposit collection rate (the lower limit of the interest rate corridor) maintained at 3%, and the bank rate (the upper limit of the interest rate corridor) at 6.5%.
The review also confirmed that there have been no changes in the required cash reserve ratio or statutory liquidity ratio. Given the current economic conditions, the NRB concluded that no adjustments to monetary tools or regulatory instruments are needed at this time, and the existing policy approach will continue.