Nepal’s Macroeconomic Indicators Remain Stable: NRB Report
Nepal’s overall economic and financial indicators have remained satisfactory, according to the latest Macroeconomic and Financial Status report released by Nepal Rastra Bank (NRB) on Wednesday.
The report, based on six months of macroeconomic and financial data from July 17, 2025, to January 14, 2026, shows that year-on-year inflation, measured by the Consumer Price Index (CPI), stood at 2.42 percent during the review period.
Total foreign exchange reserves reached Rs 3,242.45 billion, equivalent to USD 22.17 billion. According to the central bank, the current reserve level is sufficient to cover imports of goods and services for 18.1 months.
During the review period, the current account recorded a surplus of Rs 429.91 billion, while the balance of payments surplus stood at Rs 501.24 billion.
Remittance inflows rose sharply, increasing by 39.1 percent in Nepali rupee terms and 32.3 percent in US dollar terms. In the Nepali month of Poush alone, remittances worth Rs 192.62 billion entered the country in the current fiscal year.
In the external trade sector, exports increased by 43.8 percent, while imports rose by 14.2 percent, the report noted.
On the fiscal front, total government expenditure reached Rs 690.22 billion, while revenue mobilization stood at Rs 577.40 billion during the period.
Regarding monetary indicators, broad money supply increased by 5.4 percent during the review period and by 14.2 percent on a year-on-year basis. Deposits mobilized by banks and financial institutions grew by 5.7 percent, while loans extended to the private sector increased by 3.6 percent.
On an annual basis, deposit growth stood at 14.8 percent, while loan growth was recorded at 6.7 percent.
Interest rates also remained low. The weighted average interbank rate among banks and financial institutions stood at 2.75 percent, while the weighted average interest rate on 91-day Treasury bills was maintained at 2.35 percent. The weighted average interest rate on deposits of commercial banks was 3.56 percent, while the average lending rate stood at 7.12 percent, NRB reported.
