Nepal Rastra Bank is going to announce the monetary policy for the current financial year today. The bank through a notification said that it is going to make the policy public at 4 pm. The central bank is about to announce the policy, focusing on the problems in some indicators of the economy and the policies and programs taken by the government in the budget of the current financial year.
Some new arrangements are going to be made through the monetary policy in matters such as stopping the flow of loans going to unproductive areas and what tools to use to prevent the interest rate of banks from increasing. Since the government has set a target of eight percent economic growth in the current year, it is seen that the monetary policy should also address that. It is said that the policy passed by the board of directors meeting of Nepal Rastra Bank was discussed with Prime Minister Sher Bahadur Deuba, who also held the charge of Finance Minister, on Thursday evening.
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