Nepal Rastra Bank Plans to Unveil Monetary Policy for FY 2081/82 This Friday

Nepal Rastra Bank (NRB) is set to unveil the monetary policy for the fiscal year 2081/82 on Friday, the 4th of Shrawan. The central bank has completed the draft of the policy, and a meeting of the management committee is scheduled to finalize the details today.

The NRB had initially planned to release the monetary policy by the 15th of Shrawan. However, following a nearly two-hour discussion between Finance Minister Bishnu Poudel and NRB Governor Maha Prasad Adhikari on Tuesday, the decision was made to expedite the release to this Friday.

The Economic Research Department of NRB has incorporated suggestions from inter-departmental discussions and presented the draft to the management committee, following the procedures outlined in the monetary policy formulation guidelines.

The central bank plans to finalize and approve the monetary policy in a board meeting on Friday morning, followed by its public announcement later that day.

Before the Tuesday evening discussion with the Finance Minister, Governor Adhikari had met with representatives from the Bankers Association and all banking and financial institutions. A few days earlier, the NRB's Bank Supervision Department had held discussions with the CEOs of commercial banks.

Traditionally, NRB announces the monetary policy by the 15th of Shrawan each fiscal year. However, due to the prompt agreement between the newly appointed Finance Minister and the Governor, the policy will be released earlier on the 4th of Shrawan this year.