KATHMANDU: Bankers have concluded that a newly introduced provision regarding monetary policy by Nepal Rastra Bank (NRB) will impact on the interest rate. The NRB has introduced the new provision through the mid-term review of the Monetary Policy for Fiscal Year 2018/19, a report in Naya Patrika said.
Nepal Bankers’ Association (NBA) has objected to some of the provisions introduced by the central bank following the half-yearly review of its monetary policy, saying that it will have an adverse impact on the banking sector.
Issuing a statement on Wednesday, NBA claimed that it will adversely affect the current interest rate.
NRB has recently introduced some new provisions aimed at reducing interest rate and avoiding liquidity in the market after reviewing its half-yearly monetary policy.
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