By the end of this week, the Nepal Rastra Bank (NRB) plans to release the Monetary Policy for the current fiscal year. The monetary policy has been delayed, particularly since the formation of Prime Minister Sher Bahadur Deuba’s new cabinet.
The NRB had postponed making the monetary policy public since the incoming government was expected to make revisions to the budget that the KP Sharma Oli-led government had enacted by ordinance. Meanwhile, a number of stakeholders, including previous NRB governors, have stated that monetary policy should not be postponed while the budget is being rewritten.
Finance Minister Janardan Sharma, on the other hand, has stated that monetary policy has not been delayed as a result of the Ministry of Finance. He stated that the Ministry did not exert any pressure on the NRB because it is an autonomous entity, and that monetary policy should be introduced at the appropriate moment. The NRB is planning to bring monetary policy before the budget revision, following the Finance Minister’s comments.