Former Nepal Chamber of Commerce President Rajendra Malla Comments on Monetary Policy

Kathmandu. Former President of the Nepal Chamber of Commerce, Rajendra Malla, has stated that the monetary policy for the fiscal year 2083/84 has made positive efforts to maintain financial stability while keeping economic activities dynamic.

Responding to the monetary policy, Malla mentioned that the policy includes some positive provisions that will enhance market confidence and further strengthen the financial system. However, he stated that more concrete provisions are needed to reduce the cost of doing business as expected by the private sector, lower loan interest and overall financial costs, and ensure effective credit flow to the productive sector.