Monetary Policy today, NRB expected to raise interest rate, CRR

KATHMANDU: The Nepal Rastra Bank (NRB) is set to bring monetary policy for the fiscal year 2079-80 today.

Governor Maha Prasad Adhikari has called for board meeting of the central bank early today morning. Governor Adhikari has already briefed Prime Minister Sher Bahadur Deuba, who is also holding the Ministry of Finance, on monetary policy.

Adhikari has already hinted at bringing a tight monetary policy this year. NRB is expected to increase interest rates and tighten some regulatory provisions.