With preparations underway for the monetary policy for fiscal year 2026/27, Nepal's two leading private sector umbrella bodies — the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and the Confederation of Nepalese Industries (CNI) — have submitted recommendations urging a more flexible and structurally reform-oriented approach from the central bank.
The groups called for measures to restore investor confidence and boost economic activity, including the establishment of an independent monetary policy committee and broader structural reforms within the NRB. FNCCI specifically pointed to Rs 1.4 trillion in investable funds sitting idle in banks alongside declining private sector credit growth as indicators that the current policy stance needs adjustment.
The NRB has stated its aim for the new policy is to facilitate credit flow and support quality credit expansion, aligned with the government's targets of 7% economic growth and 6% inflation for the coming fiscal year.