Central Bank of Nepal unvealed it's Monetary Policy on July 22, 2022 for the Fiscal Year 2079/80 (2022/23). Governor Mr. Maha Prasad Adhikari through the annual monetary policy attempts to control the inflation.
Highlights of Monetary Policy 2079/80:
The rates under the interest rate corridor have been increased by 1.5 percentage points and the bank rate has been maintained at 8.5 percent, the policy rate at 7.0 percent, and the deposit collection rate at 5.5 percent.
The mandatory cash ratio to be maintained by banks and financial institutions will be increased by 1 percentage point to 4 percent with effect from Bhadra 1, 2079.
By the end of 2079 Poush, the statutory liquidity ratio to be maintained by banks and financial institutions will be increased to 12 percent for commercial banks and 10 percent for development banks and finance companies.
For the Detailed Monetary Policy Highlights, Click Download.