Monetary policy review to be made public today, Rashtra Bank Board of Directors board meeting continuing
KATHMANDU, May 12: The review of the third quarter of the monetary policy of the current financial year will be made public on Friday. Information officer Narayan Prasad Pokharel informed Ratopati that the Rashtra Bank Board of Directors meeting is being held so that the review of the monetary policy will be issued today, even though the time has not been fixed.
The meeting of the Board of Directors, which has been held since around 9 o'clock in the morning, is still going on at the National Bank, and the review of the monetary policy will be made public in 1 to 2 hours following the meeting, Pokharel told Ratopati.
The central bank plans to run on some financial instruments through the review of the third quarter amid the continuous pressure of the finance minister for loose monetary policy. It has been understood that the draft of monetary policy review has been prepared to provide some facilities for bank interest rates and transactions for banks and financial institutions.
The review of the monetary policy has prepared to increase the limit by making some modifications including the limit of 12 crores of the previous share mortgage loan (margin lending).