FNCCI calls for lower loan interest rates

KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has emphasized that the Nepal Rastra Bank must employ all available tools to lower loan interest rates.

On Wednesday, a group of representatives led by the FNCCI’s newly elected president, Chandra Prasad Dhakal, presented this idea to the governor of the Nepal Rastra Bank, Maha Prasad Adhikari.

According to FNCCI President Dhakal, the central bank must look for solutions to the country’s economic issues, which are caused by the low demand for goods and services in Nepal and high inflation.

He demanded the ability to restructure and re-tabulate until July 16, arguing that bank bad loans could rise, and claimed that many people had not yet paid back loans and interest because of challenges facing the private sector.

On the occasion, governor Adhikari pledged to positively consider and implement suggestions from the private sector.

In his opinion, the third quarter review of the budget and monetary policy would take suggestions from the FNCCI into account.

(RSS)