Kathmandu. Nepal Rastra Bank (NRB) lawmaker Rajendra Bajgai has made public his reaction to the monetary policy for the upcoming fiscal year.

The monetary policy brought under the leadership of Governor Poudel includes reducing the policy rate and corridor rate to promote consumption and investment, providing more than 12 percent credit to the private sector, waiving home loans and share mortgage loans, and introducing new structures to strengthen digital financial access. This has paved the way for economic stability and recovery, he said.

Under this policy, low interest rates and high liquidity will create active opportunities in tourism, hydropower, stock market, and small and medium enterprises, etc.

Bajgai believes that the ease of interest capitalization in hydro will bring relief to the projects in the energy sector. Similarly, the increase in margin lending limit in the stock market has increased investor confidence and market capitalization. He argues that this policy will open up new possibilities and strengthen the revival of the economy.

In particular, this policy will play an important role in reviving the confidence of the moderate-neutral voters of the Nepali Congress. He argued that the democratic and visionary leadership of Governor Poudel would promote this trust and hope.

He argued that monetary policy has slapped those who make polluted comments in the name of economists and spread false rumors that “those who float in the country run away by issuing IPOs”.