Thursday, December 12th, 2024

Nepal’s inflation at 5.60 percent, credit flow at 2.5 Percent


12 December 2024  

Time taken to read : 2 Minute


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KATHMANDU: Nepal Rastra Bank (NRB) has published its report on the “Current Macroeconomic and Financial Situation of Nepal” based on four months’ data ending mid-November 2024/25.

According to the report made public on Thursday afternoon, remittance inflows in Nepali rupees have increased by 9.1 percent. The balance of payments surplus stands at  205.83 billion rupees.

The central bank stated that Nepal currently holds total foreign exchange reserves equivalent to USD 16.7 billion. Government expenditures amount to 415.02 billion rupees, while revenue mobilization has reached 323.24 billion rupees.

Based on the year-on-year consumer price index, inflation is recorded at 5.60 percent. Imports have increased by 0.2 percent, and exports have risen by 4.2 percent.

As of mid-November, broad money supply has grown by 3.0 percent, with a year-on-year basis growth rate of 12.1 percent, according to the NRB.

Deposits collected by banks and financial institutions have risen by 2.3 percent, while credit disbursed to the private sector has increased by 2.5 percent.

On a year-on-year t basis, deposit growth stands at 12.6 percent, and private sector credit growth is at 6.2 percent.

Publish Date : 12 December 2024 17:27 PM

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