3 March, Kathmandu: The Nepal Rastra Bank (NRB) has made public half yearly review of the monetary policy of the Fiscal Year 2070/71 BS.
At a programme organized here today at the bank, Governor Dr. Yubaraj Khatiwada said the review includes status of the implementation of the policy, existing challenges and future course of action.
It states that economic activities in the six months of the implementation of the policies were satisfactory, balance was high and there was high liquidity in banking sector and short term interest rates were coming down.
Although Nepali rupee was weaker in terms of US Dollar in the starting months of the fiscal year, it is becoming stable in recent days, but prices could not be improved and commodity trade was becoming imbalanced.
Agro sector will be good as there was enough rain in times of cultivation and there will be constitutional and political outlet from the conclusion of the Constituent Assembly election and capital expenditure will increase with the formation of the new government, the bank said, adding that targeted 5.5 percent growth rate can be attained from the current economic activities in industry and service sector. RSS
