Nepal Rastra Bank Maintains Key Monetary Policy Rates in Mid-Year Review, Focuses on Production Sector Lending

Kathmandu. Nepal Rastra Bank (NRB) announced that it has kept the existing arrangements related to the interest rate corridor, bank rate, mandatory cash reserve ratio, and statutory liquidity ratio unchanged while unveiling the mid-year review of the Monetary Policy for the fiscal year 2082/83.Through the review, the central bank has put forward a policy to expand credit flow to the production-oriented sector. Under this, the scope of the sectoral credit ceiling applicable to agriculture, energy, and micro, domestic, and small enterprises will be expanded to include tourism, information technology, and export-oriented industries based on domestic raw materials. Furthermore, the provision...