Stories Tagged 'Monetary policy'
Nepal is striving to achieve an economic growth target of 7.2 percent. Central Bureau of Statistics had estimated that the economy would grow by 6.9 percent in the fiscal year (FY) 2016/17.
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The Nepal Rastra Bank (NRB), the central bank, has gradually started rolling out its Monetary Policy for 2017-18, with the commencement of the new fiscal year on July 16.
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Nepal Stock Exchange (Nepse) gained 18.3 points to close at 1,582.11 points last week, with investors expecting the central bank to introduce new monetary policy with a number of provisions to boost the secondary market.
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For global financial markets, the US interest rate outlook is the elephant in the room. Sharply higher rates could destabilise markets, particularly in emerging Asia where rising debt levels are shaping up as a threat to growth.
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As the annual budget announced plans to set up of “infrastructure development bank”, the Nepal Rastra Bank on Thursday said it would introduce a licensing policy on such a bank.
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NRB Governor Chirajeevi Nepal presented his first monetary policy that calls for the banks and financial institutions to raise their minimum amount of their paid-up capital by four fold.
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