NRB Governor Maha Prasad Adhikari Signals Flexible Monetary Policy Prioritizing Private Sector

Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari has hinted that the central bank will implement a flexible monetary policy for the upcoming fiscal year, prioritizing the interests of the private sector.

Speaking at a program on Monday, Governor Adhikari stated that the forthcoming monetary policy would address various economic challenges. He indicated that the central bank would revise both policy rates and the bank rate to achieve these goals.

Adhikari expressed optimism about the policies outlined in the annual budget, particularly those aimed at fostering growth in the agriculture sector. "I am confident that the economic growth target of six percent and the inflation target of 5.5 percent for the next fiscal year are achievable," he said. He also urged bankers to exercise caution when providing loans under the NRB's expansionary monetary policy.