Kathmandu. KATHMANDU: Nepal Rastra Bank (NRB), the central bank of the current fiscal year, has reduced the monetary policy rate for the first quarter of the current fiscal year. The Nepal Rastra Bank (NRB) has reduced the monetary policy rate by releasing the first quarterly review of the monetary policy on Monday.

The Nepal Rastra Bank (NRB) has reduced the permanent liquidity facility rate from 6 percent to 5.75 percent and the policy rate from 4.50 percent to 4.25 percent.

KATHMANDU: Nepal Rastra Bank (NRB), in its first quarterly review, has kept the fixed deposit facility rate unchanged at 2.75 percent. The existing provision regarding mandatory cash reserves and statutory liquidity ratio has been retained.