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News tagged 'Monetary Policy'

Benchmark index crosses 1,400-point threshold

Jul 26, 2020

KATHMANDU, JULY 25 On the back of Nepal Rastra Bank introducing investment-friendly policies for the secondary market, the Nepal Stock Exchange (Nepse) index has witnessed a positive trend in the last couple of weeks. And keeping with this trend, the benchmark index increased by 3.44 per cent or 47.94 points to 1,442.71 points in the trading week b...

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‘Monetary Policy should prove lifeline to economic and business growth’

Jul 3, 2020

KATHMANDU, JULY 2 Amid Nepal Rastra Bank (NRB) preparing the Monetary Policy for fiscal year 2020-21, stakeholders have said that the policy for the upcoming fiscal year should prove to be a lifeline to revive the country’s economy and businesses that have been severely hit by the COVID-19 pandemic. As the major challenges facing businesses/...

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Central bank mulls bringing down loan interest to single digit

Jul 2, 2020

KATHMANDU, JULY 1 The Nepal Rastra Bank (NRB) is formulating the Monetary Policy for 2020-21 with due focus on bringing down the interest rate and restructuring loans. As per NRB sources, different measures are being introduced through the Monetary Policy to bring interest rate on loan to single digit, that is, around nine per cent. Similarly, the ...

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Monetary Policy to protect borrowers: NRB guv

Jun 25, 2020

KATHMANDU, JUNE 24 Nepal Rastra Bank Governor Maha Prasad Adhikari said today that the Monetary Policy for 2020-21 would provide relief to sectors affected by the COVID-19 crisis and would revolve around protecting borrowers from banks. Stating that borrowers have been facing difficulties in repaying interest on loans since the market has remained ...

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Monetary Policy should ‘reduce, restructure and refinance’

Jun 23, 2020

Kathmandu, June 22 The private sector representatives said today that the Monetary Policy for the upcoming fiscal year should be based on ‘reduce, restructure and refinance’ principle and help businesses hit by the COVID-19 revive through effective monetary and financial measures. Addressing a virtual interaction on the private sectorÃ...

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Nepal Inc seeks interest rate reduction on loans

Jun 22, 2020

KATHMANDU, JUNE 21 As Nepal Rastra Bank prepares to bring the Monetary Policy for fiscal year 2020-21, the business community has demanded reduction in interest rates on bank loans. The Confederation of Nepalese Industries, Federation of Nepalese Chambers of Commerce and Industry and Nepal Chamber of Commerce have already submitted their recommenda...

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