$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230623035328_Nepal_Rastra_Bank2 2.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
$user = $this->Session->read('Auth.User');
//find the group of logged user
$groupId = $user['Group']['id'];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230623035328_Nepal_Rastra_Bank2 2.jpg'
$user = null
include - APP/View/Articles/view.ctp, line 115
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]
//find the group of logged user
$groupId = $user['Group']['id'];
$user_id=$user["id"];
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230623035328_Nepal_Rastra_Bank2 2.jpg'
$user = null
$groupId = null
include - APP/View/Articles/view.ctp, line 116
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Articles/view.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$image = 'https://old.newbusinessage.com/app/webroot/img/news/20230623035328_Nepal_Rastra_Bank2 2.jpg'
$user = null
$groupId = null
$user_id = null
$date = '2023-06-23 15:52:12'
$dateFromDatabase = (int) 1687514832
$newDate = 'Jun 23, 2023'
$articleView = array(
'article_id' => '18262',
'hit' => '706'
)
$word_count = (int) 895
$time_to_read = (float) 4.48
$time_to_read_min = (float) 4
$time_to_read_second = (float) 29
include - APP/View/Articles/view.ctp, line 241
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs 10 billion through reverse repo of seven days.
On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs 26.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at 3.01 percent.
After raising Rs 28.35 billion through reverse repo on July 20, 2021, and Rs 31.65 billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs 5 billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.
After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April.
The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.
Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30.
After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.
In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than 2 percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to 4 percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.
FormHelper::create() - CORE/Cake/View/Helper/FormHelper.php, line 383
include - APP/View/Articles/view.ctp, line 273
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 60]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 60
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
file not found!
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117
Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp'
$dataForView = array(
'article' => array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
[maximum depth reached]
)
),
'Slider' => array()
),
'current_user' => null,
'logged_in' => false
)
$article = array(
'Article' => array(
'id' => '18262',
'article_category_id' => '1',
'title' => 'NRB Issues Reverse Repo for the Second Time to Mop Excess Liquidity',
'sub_title' => '',
'summary' => 'June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">June 23: After the inter-bank interest rate fell below the target, Nepal Rastra Bank (NRB) released reverse repo for the second time to mop excess liquidity from the market. On Thursday, the central bank mopped excess liquidity worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">10</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo of seven days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">On Thursday, nine banks and financial institutions filed 59 applications to bid for the reverse repo worth Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">26</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">.33 billion. The NRB informed that the BFIs made a maximum bid of 3.24 percent and a minimum bid of 2.73 percent for the interest rate and the average interest rate was maintained at </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">3.01</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After raising Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">28.35</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through reverse repo on July 20, 2021, and Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">31.65</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion through deposit collection on July 29 and August 6 last year, the central bank mopped Rs </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">5</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> billion from the market through reverse repo for the first time in the current fiscal year (FY) on January 26.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity crisis in the banking system eased due to the increase in bank deposits, the central bank has not released liquidity through instruments including repo since April. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">The last time the central bank issued repo (repurchase agreement) was on April 6 when it issued repo worth Rs 20 billion with a maturity period of 14 days.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">Similarly, the number of banks taking overnight repo and Permanent Liquidity Facility (SLF) is also decreasing. Banks have not taken overnight repo facility since April 26 and SLF facility since April 30</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">After the liquidity in banks and financial institutions increased and the interbank interest rate fell below the monetary policy target, the central bank withdrew liquidity from the market.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:"Times New Roman","serif""><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif"">In the monetary policy, there is a provision to issue repo/reverse repo if the average interest rate of interbank transactions is lower than the policy rate by more than </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">2</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percentage points. The average interest rate of interbank transactions, which has been continuously falling since May, dropped to </span></span><span style="font-size:15.0pt"><span style="font-family:"Arial Unicode MS","sans-serif"">4</span></span><span style="font-size:15.0pt"><span style="font-family:"Arial","sans-serif""> percent on Tuesday. Recently, with the improvement in remittance flow, deposits in banks have increased, but due to high interest rates and lack of economic activities, loans have not been disbursed. Due to this, the interest rates of treasury bills, development bonds, interbank transactions are continuously decreasing.</span></span></span></span></p>
<p> </p>
',
'published' => true,
'created' => '2023-06-23',
'modified' => '2023-06-23',
'keywords' => '',
'description' => '',
'sortorder' => '17992',
'image' => '20230623035328_Nepal_Rastra_Bank2 2.jpg',
'article_date' => '2023-06-23 15:52:12',
'homepage' => false,
'breaking_news' => false,
'main_news' => true,
'in_scroller' => false,
'user_id' => '34'
),
'ArticleCategory' => array(
'id' => '1',
'name' => 'NEWS',
'parentOf' => '0',
'published' => true,
'registered' => '2015-07-20 00:00:00',
'sortorder' => '158',
'del_flag' => '0',
'homepage' => true,
'display_in_menu' => true,
'user_id' => '1',
'created' => '0000-00-00 00:00:00',
'modified' => '2018-11-22 11:58:49'
),
'User' => array(
'password' => '*****',
'id' => '34',
'user_detail_id' => '1',
'group_id' => '1',
'username' => 'neeraj.roy@newbusinessage.com',
'name' => null,
'email' => 'neeraj.roy@newbusinessage.com',
'address' => null,
'gender' => null,
'access' => '1',
'phone' => null,
'access_type' => null,
'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2020-07-19 16:40:23',
'last_login' => '2024-08-13 13:55:06',
'ip' => '172.69.41.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18262',
'hit' => '706'
)
),
'Slider' => array()
)
$current_user = null
$logged_in = false
$xml = false
simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167
[main] - APP/webroot/index.php, line 117