KATHMANDU: Nepal Rastra Bank (NRB) has reviewed the third quarter of its monetary policy. In the third quarter review, the central bank has given continuity to the policies taken in the half-yearly review.
The central bank stated that the policy taken in the mid-year review of monetary policy has been given continuity as the pressure on price and external sector stability is still there.
However, NRB said it would tighten its monetary policy stance if inflation and foreign exchange reserves were under pressure.
Similarly, the central bank has indicated that it would reduce the refinancing limit.
The refinancing facility provided by the central bank for the revival of industries and businesses affected by the COVID-19 infection is being limited to the most affected areas which are yet to be revived.
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