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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The chamber claimed that the provision to maintain the security ratio in real estate mortgage loans at 30 percent in Kathmandu Valley and 40 percent in other places will affect the overall real estate business.</span></span></span></span></p>
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July 25: Nepal Chamber of Commerce (NCC) has said that the monetary policy is likely to reduce economic activities. The NCC made the remark about the monetary policy for the current fiscal year 2079/80 unveiled by Nepal Rastra Bank on Friday. A statement issued by the NCC states that the tight monetary policy introduced by the central bank has indicated a reduction in economic activities in the country.
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The chamber understands that the interest rate payable by banks and financial institutions for taking loans from the NRB has been increased by 1.5 percent to 8.5 percent, so the overall interest on loan will increase in the future. On Sunday, the NCC released a 9-point statement regarding the monetary policy.
The chamber claimed that the provision to maintain the security ratio in real estate mortgage loans at 30 percent in Kathmandu Valley and 40 percent in other places will affect the overall real estate business.
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<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">Also, the mandatory cash reserve ratio (CRR) has been increased from 3 to 4 percent, the statutory liquidity ratio limit has also been increased.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The chamber understands that the interest rate payable by banks and financial institutions for taking loans from the NRB has been increased by 1.5 percent to 8.5 percent, so the overall interest on loan will increase in the future. On Sunday, the NCC released a 9-point statement regarding the monetary policy.</span></span></span></span></p>
<p><span style="font-size:11pt"><span style="font-family:Calibri,"sans-serif""><span style="font-size:14.0pt"><span style="font-family:"Arial","sans-serif"">The chamber claimed that the provision to maintain the security ratio in real estate mortgage loans at 30 percent in Kathmandu Valley and 40 percent in other places will affect the overall real estate business.</span></span></span></span></p>
<p> </p>
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