Monetary policy for FY 2017/18 made public

KATHMANDU: Nepal Rastra Bank today publicised a monetary policy for the fiscal year 2017/18 amid a programme in the Capital.

Speaking at the event, NRB governor Chiranjibi Nepal shared that monetary policy has prioritised agriculture, tourism, energy, small and cottage industries and liquidity management.

Likewise, a NRB official said Nepal's economic growth rate is satisfactory. "Nepal's balance of payment is satisfactory, financial imbalance is decreasing and there is positive change in economy," he said.

The NRB said investment would be made in prioritised projects by using monetary instruments to achieve a 7.2 percent economic growth rate in the next fiscal year.