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Monetary Policy for 2021/22

Unofficial Translation Monetary Policy for 2021/22 Nepal Rastra Bank Central Office Baluwatar, Kathmandu August 2021 Monetary Policy for 2021/22 Delivered by Governor Mr. Maha Prasad Adhikari on 13 August 2021 Nepal Rastra Bank Central Office Baluwatar, Kathmandu Nepal Rastra Bank Central Office Baluwatar, Kathmandu Nepal Phone: 4410158 Website: TABLE OF CONTENTS BACKGROUND .. 6 GLOBAL ECONOMIC SITUATION .. 7 DOMESTIC ECONOMIC SITUATION .. 8 FINANCIAL SECTOR SITUATION .. 9 REVIEW OF Monetary Policy 2020/21 .. 11 Monetary MANAGEMENT .. 11 SECTORAL CREDIT .. 12 COVID-19 TARGETED CREDIT .. 13 ECONOMIC OUTLOOK FOR 2021/22 .. 15 Monetary Policy FRAMEWORK FOR 2021/22 .. 16 Monetary Policy STANCE .. 16 ECONOMIC AND Monetary TARGET .. 16 OPERATING TARGET AND 17 FINANCIAL SECTOR PROVISIONS FOR 2021/22 .. 17 RESOURCE MOBILIZATION .. 17 CREDIT EXPANSION.

Monetary Policy for 2021/22 Background 1. The monetary policy for 2021/22 has been formulated at a time when COVID-19 has adversely affected human life and overall economic activities. Policy measures, implemented to minimize the impact of …

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