Kathmandu, July 11: The Nepal Rastra Bank (NRB) has issued the monetary policy for the upcoming fiscal year 2082/83 (2025-26).
Unveiling the monetary policy, the Governor of the Central Bank, Dr. Biswo Nath Poudel, stated that a flexible policy has been adopted cautiously.
The monetary policy mentions approving and implementing the second financial sector strategy. The bank rate, which serves as the upper limit of the interest rate corridor, has been set at six per cent, and the policy rate at four and a half per cent. Previously, the bank rate was 6.5 per cent and the policy rate was 5 per cent.
According to the monetary policy, the limit for loans issued for the construction and purchase of private residential houses has been increased from Rs 20 million to Rs 30 million. When constructing or purchasing the first house, a loan-to-value ratio of up to 80 per cent can be maintained, while for others, a maximum of 70 per cent can be established.
The limit for personal share collateral loans has been increased from Rs 150 million to Rs 250 million.The limit for the amount Nepalese traveling abroad can carry has been increased from two thousand five hundred US dollars to three thousand US dollars.
The monetary policy has set a target to increase the private sector loan disbursement by 12 per cent in the upcoming fiscal year.
