Nepal Rastra Bank Finalizing Monetary Policy for FY 2083/84

Kathmandu. Nepal Rastra Bank is in the final stages of releasing the monetary policy. The draft of the monetary policy for the fiscal year 2083/84, prepared by the Economic Research Department, has been completed, and preparations are underway to release the policy. For this, the Rastra Bank has called a management meeting. After the monetary policy draft from the department is passed by the management, a board of directors meeting will be called, and after it is passed, the monetary policy will be released, according to the Governor's office. 'Our preparation is to release it today, otherwise it might be by tomorrow morning,' says an employee from the Governor's office. Deputy Spokesperson of Rastra Bank, Sudha Shrestha, also states that a meeting has been called to discuss the monetary policy, but it will be certain when it will be released only after it is passed by the meeting. The current fiscal year's budget has set a target of achieving 7 percent economic growth and 6 percent inflation.