Monetary policy Reviewed FY 2080/081

May Sat 2024 07:44:22

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Monetary policy Reviewed FY 2080/081

Kathmandu. Nepal Rastra Bank has reduced the risk burden of higher purchase loans. While publishing the third quarter review of the monetary policy of the current fiscal year 2080/81, it has been mentioned that the risk burden of vehicle loans under higher purchase will be reduced and maintained at 100 percent.

"The existing 125 percent risk load of hire purchase vehicle loans provided by banks and financial institutions will be reduced to 100 percent," said the monetary policy review. This will encourage banks to provide loans for vehicles.

The National Statistics Office has made preliminary estimates that the gross domestic product will increase by 3.87 percent in the financial year 2080/81. According to the quarterly review, according to the data, the expansion of the housing and food service, electricity and gas and transportation and storage sub-sectors has had a positive effect on the growth of the gross domestic product of the financial year 2080/81. However, the construction and industrial production sub-sector seems to have contracted this year as well. Overall, the latest indicators of the real sector have slightly improved compared to the previous year.

There has been a significant improvement in Nepal's inflation in the nine months of the current financial year. In March 2080, on an annual point basis, the price increase of the food group was 5.21 percent and the price increase of the non-food and service group was 4.14 percent, and the overall consumer inflation remained at 4.61 percent.

In the same month of the previous year, the price increase of this group was 6.93 percent and 8.42 percent respectively, while the overall consumer inflation remained at 7.76 percent. In addition, the annual point wholesale inflation in Chait 2080 is 4.94 percent. In the same month of the previous year, such inflation was 5.59 percent

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