Nepal Rastra Bank is preparing to release its monetary policy for fiscal year 2083/84 in the last week of Asar, expected around mid-July. In the lead-up, stakeholders including former NRB governors, bank executives, and private sector representatives have been presenting suggestions to the central bank and the House Finance Committee.
The private sector has called for single-digit interest rates and credit expansion of over 20% to support the government's 7% economic growth target. Some stakeholders have also proposed establishing an Asset Management Company to address rising non-performing loans and creating an independent monetary policy committee modelled on India's framework.
The NRB Deputy Governor said the central bank would support the government budget's growth objectives while ensuring financial stability. Former governors separately stressed the importance of maintaining central bank autonomy and consistency between fiscal and monetary policies.