The first Quarterly Review of Monetary Policy is Going to be Held soon, Delay Occurred as Revisions were Made

Kathmandu : Central Bank of Nepal is going to conduct the first quarter review of monetary policy next week ( 1st week of December, 2023 A.D).There has been some delay in the review due to the festive season at the time of reviewing the monetary policy. The central bank has completed all preparations for the first quarter review of monetary policy from the departmental level.

A central bank source said that the review is currently being discussed at the top management level. The review will be made public after it is approved by the board of directors after discussion at the top management level. Now, to make the economy run, the central bank is making its policy somehow flexible.

In the review, the central bank has indicated that it will adopt flexibility in some policies. Before the review of monetary policy, Prime Minister Pushpa Kamal Dahal also called Governor Maha Prasad Adhikari and discussed about the economy. Because of this, Central Bank is forced to adopt more flexibility in the review of monetary policy.

Due to the pressure of the Ministry of Finance, the National Bank issued a circular before the monetary policy and took some flexible policies in terms of share mortgage loans, real estate loans, etc. Due to this, it is not expected that there will be a major policy change in the review.