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  • Central bank likely to make new monetary policy public on Thursday

    File image: Nepal Rastra Bank


    Kathmandu, July 8:  The central bank of Nepal says it is preparing to make public the new monetary policy for next fiscal year 2018/19 on Thursday, July 12.

    The new fiscal year begins on July 18.

    The draft of monetary policy has already been finalised and the board of directors of Nepal Rastra Bank is reviewing the document currently, according to an NRB source.

    NRB joint spokesperson Govinda Nagila says the board discussed the policy this morning as well. It, however, will take a couple of days more to endorse the document.

    Therefore, the next meeting of the board is likely to take place on Monday.

    Another official, however, says the date has not been fixed yet and the policy may come out from Wednesday to Friday.

    “Whatever, it will not be later than Friday.”

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