Changes in major policy rates by Monetary Policy of FY 2076/77; See three year comparison
The major role of central banks in any country is to maintain price stability and to do that it uses various tools such as policy rates and open market operations to change money supply in market and create a favorable impact in the economy.
The table below lists the major rates and the changes in them in three years:
| Particulars | 2074/75 | 2075/76 | 2076/77 |
|---|---|---|---|
| Containing inflation under | 7% | 6.50% | 6% |
| Economic growth target | 7.20% | 8% | 8.5% |
| Foreign exchange reserve | 8 months | 8 months | 7 months |
| Growth rate of M2 | 18% | 18% | 18% |
| Ceiling of domestic credit growth | 27.80% | 22.50% | 24% |
| Private sector credit growth rate | 20% | 20% | 21% |
| SLF (Standing Liquidity Facility) | 7% | 6.50% | 6% |
| SLF period | 7 days | ||
| Two week's REPO rate (Taken overnight) | 5% | 5% | 4.50% |
| Two week's deposit collection rate (taken weekly) | 3% | 3.50% | 3% |
| CRR (Cash Reserve Ratio) for commercial bank | 6% | 4% | 4% |
| CRR for development bank | 5% | 4% | 4% |
| CRR for finance companies | 4% | 4% | 4% |
| Lender of Last Resort (LOLR) rate | 7% | 6.50% | 6% |
| SLR (Statutory Liquidity Ratio) for commercial bank | 12% | 10% | 10% |
| SLR for development bank | 9% | 8% | 8% |
| SLR for finance companies | 8% | 7% | 7% |
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