The Nepal Rastra Bank (NRB) has announced that its monetary policy statement will be postponed. The NRB is ready to unveil its monetary policy for the current fiscal year by examining the new government’s priorities and projections.
Governor of the central bank Maha Prasad Adhikari stated that the current fiscal year’s monetary policy should be made public only after the size, priority, and projections of the incoming government’s budget have been determined.
“We have to bring monetary policy based on the priorities and projections of the new administration after the change of government, so we are waiting for it,” he said during a meeting of Parliament’s Finance Committee on Wednesday (August 4).
He stated that the preparations for the monetary policy announcement are nearly complete. However, because the administration has changed, Adhikari continued, monetary policy will be finalised only after considering the new government’s intentions and priorities.
There has never been a delay in announcing monetary policy after July in previous years. Despite the fact that July has already passed, Governor Adhikari has yet to provide a precise answer to the committee regarding the date of the monetary policy announcement.