Interest rate of commercial banks inched down to 4.61% from 5.21%

ShareSansar, August 23;

Nepal Rastra Bank on the publication of report entitled ‘Current Macroeconomic Situation of Nepal (Based on Annual Data of 2014/2015)’ has stated that 91-days Treasury Bill rate and interbank transaction rates have increased in the last fiscal year. In the review month the weighted average 91 days Treasury bill rate increased to 0.1739 percent from 0.02 percent a year ago.

 
According to the data unveiled by Nepal Rastra Bank (NRB) on Friday, the weighted average interbank transaction among the commercial banks was 0.16 percent a year ago and reached to 1.01 percent in the review month. Likewise, the weighted average inter-bank rate among other financial institutions increased to 3.89 percent from 2.40 percent a year ago.

Meanwhile, the weighted average interest rate spread rate of commercial banks inched down to 4.61 percent in the review month from 5.21 percent a year ago and the average base rate came down to 7.88 percent from 8.36 percent a year ago, according to the report.