Monetary Policy for 2021-22 fiscal year still to be delayed for few days

KATHMANDU: The Nepal Rastra Bank (NRB) has indicated that the announcement of monetary policy will be delayed. NRB is preparing to release the monetary policy for the current fiscal year by looking at the priorities and projections of the new government.

Governor of the central bank Maha Prasad Adhikari said that the monetary policy of the current fiscal year should be made public only after looking at the size, priority and projection of the new government’s budget.

“After the change of government, we have to bring monetary policy based on the priorities and projections of the new government, so we are waiting for it,” he said at a meeting of the Finance Committee of Parliament on Wednesday (August 4).

He said that the preparation to announce the monetary policy is almost complete. However, as the government has changed and the monetary policy will be finalised only by looking at the plans and priorities of the new government, added Adhikari.

In previous years, there has never been any delay in announcing monetary policy later than July. However, although the month of July already has passed, Governor Adhikari did not give a concrete answer to the committee about the date of announcement of the monetary policy.

 

Fiscal Nepal |
Sunday August 8, 2021, 09:43:45 AM |


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