NRB bringing monetary policy for the current fiscal year today

KATHMANDU: The Nepal Rastra Bank (NRB) is preparing to issue the Monetary Policy for the ongoing fiscal year today. The monetary policy has been delayed especially after formation of the new government led by Prime Minister Sher Bahadur Deuba.

NRB had delayed making the monetary policy public after the new government was expected to make changes in the budget that was brought through ordinance by the KP Sharma Oli-led government. In the meantime, different stakeholders including former NRB governors also said that the monetary policy should not be delayed on the pretext of waiting for the budget to be revised.

However, Finance Minister Janardan Sharma had made it clear that monetary policy has not been delayed due to the Ministry of Finance. He had said that the Ministry did not put any pressure on the NRB as it is an autonomous body and suggested to bring monetary policy at an appropriate time. Following the Finance Minister’s statement, NRB is preparing to bring monetary policy before the budget revision.

“We have finalized the draft of the monetary policy. Preparations have been made to bring the monetary policy today itself,” informed a NRB source.