Money

Monetary policy expected to help meet growth target

Nepal Rastra Bank (NRB) has revised the cash reserve ratio (CRR) for commercial banks from 6 percent to 4 percent and slashed the interest rate spread from 5 percent to 4.5 percent. Unveiling the Monetary Policy for 2018-19, the central bank announced the new provisions to address a shortage of loanable funds besides reining in soaring interest rates on loans. Monetary policy expected to help meet growth target
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Published at : July 12, 2018
Updated at : July 13, 2018 07:55
Kathmandu

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