NRB implements reduction in bank rate, policy rate, and deposit interest rate

KATHMANDU: Nepal Rastra Bank (NRB), the central regulatory authority of banks and financial institutions of Nepal, has announced a reduction in the bank rate, central bank policy rate, and deposit interest rates. In its quarterly review of the Monetary Policy for the fiscal year 2023/24, released on Friday, the Central Bank of Nepal decreased the […]

सम्बन्धित सामग्री

Monetary Policy 2024/25: Bank rate and deposit collection rate lowered

Nepal Rastra Bank (NRB) has unveiled the Monetary Policy for Fiscal Year 2024/25 today. Through this policy, the central bank of the country has slashed the bank rate and the deposit collection rate. "The upper limit of the bank rate in the interest rate corridor has been maintained at 6.5 per cent from 7 per cent and the policy rate has been fixed at 5 per cent from 5.5 per cent," said the NRB Governor Maha Prasad Adhikari, while unveiling the Policy.

Policy To Ease Liquidity

In a major step to tame ongoing recession, Nepal Rastra Bank (NRB) has lowered the interest rate by one percentage point, hoping that it will boost credit in the banking sector and economic activities in general. Reviewing the monetary policy in its third quarter of current fiscal year 2022/23, the central bank Friday cut the bank rate from 8.5 per cent to 7.

Refinance and bank rate reach 7 %

The Nepal Rastra Bank (NRB) has made significant adjustments in the rates of Standing Liquidity Facility (SLF), repo and deposit collection. It has increased the bank rate – the interest rate charged by the central bank to domestic banks while lending money – from existing 5 per cent to 7 per cent.