NRB Governor Emphasizes Tight Monetary Policy Amid Rising Inflation

In a recent address at a program organized by the Society of Economic Journalists-Nepal (SEJON) in Kathmandu, Nepal Rastra Bank (NRB) Governor Maha Prasad Adhikari underscored the necessity of maintaining a tight monetary policy amidst increasing inflation rates. Governor Adhikari cautioned against expecting a flexible approach in the upcoming monetary policy, citing current inflationary pressures as a decisive factor.

Adhikari elaborated that the central bank’s forthcoming monetary policy will be grounded in comprehensive inflation data currently under evaluation. He acknowledged public expectations for simplified loan procedures but highlighted the inherent limitations faced by NRB in implementing such measures.

Addressing concerns within the private sector, Governor Adhikari affirmed the central bank’s commitment to addressing legitimate issues rather than engaging in adversarial stances. He condemned unauthorized commissions in loan acquisitions as a serious banking offense, urging individuals with evidence to step forward rather than making baseless allegations.

Adhikari concluded by stressing the importance of evidence-based claims in addressing banking malpractices, emphasizing that unsubstantiated accusations on public platforms hinder effective regulatory actions.