Nepal Rastra Bank’s first quarter monetary policy review to be held tomorrow
Kathmandu. The meeting of the Board of Directors of Nepal Rastra Bank (NRB) is taking place on Monday.
Current fiscal year 2082. The Nepal Rastra Bank (NRB) is holding its board meeting tomorrow to discuss the review of the first quarter of the fiscal policy. “The board meeting has been called for tomorrow but it has not been decided in the morning, afternoon or evening,” said a source at the governor’s secretariat.
According to the Nepal Rastra Bank Act, 2001, the annual monetary policy should be brought within 15 days of the beginning of the new fiscal year. Every quarterly and half-yearly review should be brought within 45 days of the end of the quarter. NRB Spokesperson Guru Prasad Poudel said, “Based on this provision, the monetary review should come tomorrow. However, a review will probably come tomorrow. ’
According to sources, the Department of Economic Research has prepared a draft of the review of the monetary policy and submitted it to the Management Committee. “The draft of the review is currently being discussed in the management committee and it will probably be finalized today,” the source said, “That’s why the draft of the review will be sent to the board meeting scheduled for tomorrow.” Tomorrow there will be a problem. ’