Nepal's New Monetary Policy Aims for 7% Growth While Keeping Inflation Below 5.5%

Kathmandu: Nepal Rastra Bank (NRB) has unveiled its Monetary Policy for Fiscal Year 2083/84 (2026/27) with the goal of supporting 7 percent economic growth while keeping inflation within 5.5 percent. The central bank has maintained its cautiously flexible policy stance, leaving key interest rates and liquidity provisions unchanged to encourage private sector investment and economic expansion.

The policy includes measures to strengthen financial stability, improve liquidity management, support distressed borrowers, ease lending for public electric vehicles, simplify banking regulations, and study the introduction of a credit score-based Peer-to-Peer (P2P) lending system. NRB also expects strong remittance inflows, tourism earnings, and healthy foreign exchange reserves to support the country's economic outlook during the fiscal year.