Nepal Rastra Bank, the central bank of Nepal has recently announced the monetary policy for the fiscal year 2074-75. The context of the country’s economy is going through a massive restructuring process in the background that the country is going to a federal structure. So the economy is going through a major transition owing to the political restructuring process. The objectives of the policy are : containing inflation to 7%, to maintain foreign currency reserve adequate for at least 8 months import, maintain liquidity to sustain economic growth of 7.2%, to maintain the monetary expansion rate within 18%, maintain private sector credit expansion rate within 20% which are bundled with challenges and opportunities.
The stakeholders of the monetary policy have their own perspectives which must be aligned and forged to achieve the common goals in creating a conducive business environment and sustaining the economy.
In this regard, National Banking Institute Ltd (NBI), being the apex banking academy of the country, is taking an initiative to organize half a day interaction on the Monetary Policy bringing the banking community together to reflect and review the vision outlined by the policy.