Monetary policy aims at limiting loan expansion to 12.6 percent

09 May 2024

Monetary policy aims at limiting loan expansion to 12.6 percent
KATHMANDU: The Central Bank is set to control loan expansion to the private sector. The Nepal Rastra Bank (NRB), unveiling the monetary policy for the year 2022/23, aimed to limit the loan provided to the private sector to 12.6 percent. In the previous fiscal, the NRB had set 19 percent as a loan expansion target. As the loan expansion was high, an increase in imports and trade deficit strained the current and foreign exchange reserves, prompting the Central Bank to control loan expansion. The NRB has taken a policy to control loan expansion and also shrink the wide money supply in order to co... Read More
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