Monitory Policy to be made public today at 2 PM at Hotel Radisson, NRB might revise CRR ratio

ShareSansar, July 23:

Monetary policy for the fiscal year 2072/73 will be released by Nepal Rastra bank (NRB) today at 2 PM at Hotel Radission, Kathmandu.

After the huge fiscal budget brought by the government, all eyes are set on the monetary policy.

To tackle with the expenses of the huge budget of fiscal year 2072/73 and also to deal with the current surplus liquidity situation of the banks, monetary policy 2072/23 is likely to bring an increment in Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR).

At present, CRR is 6 percent for commercial banks, 5 percent to development banks, and 4 percent to finance companies.