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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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'summary' => 'The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.',
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
<p> </p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
<p> </p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
<p> </p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.
Preparations are underway to bring the monetary policy the next week, he said.
The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives.
Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.
"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said.
The external sector seems easing as compared to the previous year, he said.
"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said.
Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added.
"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target".
The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said.
According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent.
The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.
Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.
Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said.
He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">July 20: The Nepal Rastra Bank Governor Maha Prasad Adhikari today said the Monetary Policy for Fiscal Year, 2023/24 will be issued in line with the budget policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
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<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Preparations are underway to bring the monetary policy the next week, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy would focus on achieving the economic growth as per the budget target, controlling inflation and managing external sector, he said while attending the meeting of the Finance Committee under the Federal Parliament's House of Representatives. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Although there are some positive economic indicators like the balanced external sector, decreasing interest rates and adequacy of liquidity, some problems like inflation, deficit reserve fund and sluggish credit expansion still persist, he said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"The permissible limit of inflation for the previous FY was seven percent, and it remains above that this FY. The reserve fund is in deficit of Rs 193 billion. The credit expansion has decreased despite good deposit collection," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The external sector seems easing as compared to the previous year, he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Now, there is liquidity worth Rs 88.5 billion in the banking system. The current accounts suffer a deficit of Rs 70 billion, and there were difficulties to recover loans due to the market slowdown," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">Until June 15, 2023, the total 147,510 people took concessional loans, he said. The Central Bank would take an appropriate decision in finding ways to balance the country's economy, he added. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">"Today's problems are a slowdown in real estate, and failure to collect revenues and achieve capital expenditure as per target". </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The monetary policy does not have all instruments to resolve problems. We will use whatever instruments we have," he said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">According to the Nepal Rastra Bank, the interest and base rates of loans and deposits are decreasing, and the CD ratio has dropped to 82 percent. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">The government has set a target of keeping inflation within the permissible limit of 6.50 percent in the current FY, and the monetary instruments would be mobilised accordingly, it said.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Finance Secretary Arjun Kumar Pokharel viewed that there should be synchronization between the fiscal policy and monetary policy.</span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif"> Similarly, achieving the economic growth and keeping inflation under control should be the first priority of the monetary policy, Pokharel said. </span></span></p>
<p><span style="font-size:20px"><span style="font-family:Calibri,sans-serif">He added that monetray policy should also accord priorities in implementing the government's policies and programmes by increasing loans in the productive sector and domestic productions, Pokhrael said. ---(RSS)</span></span></p>
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'activated' => true,
'sortorder' => null,
'published' => null,
'created' => '2022-12-08 15:31:54',
'last_login' => '2024-08-13 15:00:05',
'ip' => '172.68.250.137'
),
'ArticleComment' => array(),
'ArticleFeature' => array(),
'ArticleHasAuthor' => array(),
'ArticleHasTag' => array(),
'ArticleView' => array(
(int) 0 => array(
'article_id' => '18519',
'hit' => '493'
)
),
'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