Nepal Rastra Bank has set a 12% credit expansion target for the fiscal year 2082/83, aiming to ease the ongoing economic contraction and support private sector investment.
Nepal Rastra Bank has set a credit expansion target of 12 percent for the upcoming fiscal year 2082/83. Unveiling the monetary policy on Thursday, Governor Dr. Bishwanath Paudel stated that flexibility in credit flow will be introduced to address the economic slowdown.
Governor Paudel emphasized that priority will be given to credit expansion in order to tackle the decline in the private sector’s capital formation capacity. Last year, the central bank had set a credit growth target of 12.5 percent.
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