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Monetary policy 2023/24: Here the major highlights

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File: Nepal Rastra Bank Kathmandu, July 23 Nepal Rastra Bank announced the new monetary policy for the fiscal year 2023/24 on Sunday. The central bank’s Governor Maha Prasad Adhikari launched the new policy in a televised address this afternoon. Here are key points of the policy that might affect your economic life for the newly begun fiscal year: Inflation target Representational graph In the current fiscal year, Nepal Rastra Bank (NRB) has set a target of limiting inflation to 6.5 per cent. To achieve this, the central aims to deploy monetary management strategies to maintain stable economic conditions and prevent price pressure resulting from excessive monetary expansion. In line with ensuring financial stability, NRB has established a targetted loan growth of 11.5 per cent. New homeowners to get finance up to Rs 20 million Photo: Max Pixel In the current fiscal year 2023/24, Nepal Rastra Bank has maintained its previous policy regarding the real estate business in...