Prime Minister Balendra Shah has suggested to Nepal Rastra Bank Governor Dr. Bishwanath Paudel to loosen monetary policy limits for boosting stock market investor morale.
Prime Minister Balendra Shah met with the Governor of Nepal Rastra Bank, Dr. Bishwanath Paudel, at Singhadurbar on Thursday. In the meeting that lasted for about an hour, the Prime Minister suggested to make monetary policy flexible to help the economy run actively. He emphasized that the government and central bank need to working together to build up economic confidence.
PM Shah Urges to Support Stock Market and Businesses
During their discussion, PM Shah suggested to loosen the limits of monetary policy to lift the spirits of share market investors. He also requested to make bank interest rates and loan terms more friendly for businesses, so that private sector can easily invest. He further pointed out the need to prioritize subsidized loans for women and entrepreneurs from backward areas to bring them into the mainstream economy.
Governor Promises Flexible Monetary Policy
Responding to the Prime Minister, Governor Dr. Paudel said that the central bank is fully committed to making the monetary policy more professional and business-friendly. He assured that the policies will be adjusted so that neither stock market investors nor small home entrepreneurs face any hard times, and they will take all needed steps to boost the economy.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
