Nepal Rastra Bank Set to Conduct Monetary Policy Review Next Week

Fri, Dec 1, 2023 10:30 AM on Latest, Economy, National,

The Nepal Rastra Bank (NRB), has decided to initiate its review of monetary policy, with discussions scheduled to commence in the coming week. This marks a departure from the previous practice of quarterly reviews, a change attributed to the need for more comprehensive analysis and deliberation.

The decision was revealed following a thorough discussion at the senior management level to enhance the effectiveness of its monetary policy framework. The shift to reviews also takes into account the time required for meticulous examination, especially given the festive season, which often introduces some delays in the review process.

Sources within the central bank report that the necessary preparations for the first quarter review have already been undertaken at the departmental level. However, the final public disclosure of the review outcomes will only occur after deliberations and approval by the Executive Committee.

This development comes on the heels of Prime Minister Pushpa Kamal Dahal's recent discussions with high-ranking officials, including Governor Maha Prasad Adhikari, on economic matters. The central bank is reportedly considering certain adjustments to its policies in response to current economic conditions.