Economy

NRB unveils new monetary policy


KATHMANDU — Nepal Rastra Bank (NRB) has publicized a monetary policy for the fiscal year 2074-075 BS amid a programme in the Capital on Sunday.

NRB governor Dr Chiranjibi Nepal,speaking at the event,shared that monetary policy has prioritized agriculture, tourism, energy, small and cottage industries and liquidity management.

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Likewise, a NRB official said Nepal’s economic growth rate is satisfactory. “Nepal’s balance of payment is satisfactory, financial imbalance is decreasing and there is positive change in economy,” he said.

The NRB said investment would be made in prioritized projects by using monetary instruments to achieve a 7.2 percent economic growth rate in the next fiscal year.