Kathmandu. The government has given a nine-point directive to the Rastra Bank. The High-Level Economic Reform Commission has approved the recommendation of the Council of Ministers and made a nine-point suggestion to the Rastra Bank.
The government’s suggestion focuses on what to do to improve the economy. The first point is to effectively implement the interest rate corridor for monetary management and keep the interbank interest rate close to the policy rate. It is stated that the band of interest rate corridors will be gradually reduced. This results in interbank interest rates
And the gap between policy interest rates is expected to be less.
The second is to reduce interest rate fluctuations by making liquidity management more effective. Similarly, nepal rastra bank (NRB) will make regulatory and regulatory arrangements for foreign exchange in line with the objectives of monetary policy.
At number four, the foreign exchange reserves will be maintained for five to seven months so that they can sustain the import of goods and services. At present, the Rastra Bank has foreign exchange reserves to sustain the import of goods and services for about 15 months.
Fifthly, it has been asked to make arrangements to get loans to productive and export-oriented sectors at a fixed interest rate. Sixthly, in order to promote productive industries and exports, the first home loan taken by people with fixed income and loans going to the sector should be made available at a fixed interest rate for a certain period of time. With this, the government expects the real estate business to move.
Seventhly, it has been asked to reduce the cost of operation of the banking system, increase capacity and maintain financial stability, reduce the interest rate gap between loans and deposits. It has been asked to adopt an interest rate policy so that the real interest rate on deposits is positive and the interest rate on loans will be only in single high digit or low double digit.
It has been asked to develop a bond market to address interest rate fluctuations in the economy. The government has taken over as the new governor only on May 14. It has been given to Poudel.
प्रतिक्रिया दिनुहोस्