The Monetary Policy for the FY 2075-76 has been announced by the Governor of Nepal Rastra Bank (NRB) Dr Chiranjibi Nepal on July 11, 2018.
Economic growth has gained momentum since 2016/17. The economy is estimated to have grown by 5.9 per cent in 2017/18 while such growth was 7.4 per cent in 2016/17.
Despite a sluggish agricultural growth of 2.8 per cent due to the flood in the Terai region at the beginning of the fiscal year, the
economy achieved an encouraging growth in 2017/18.
This level of growth was attained on account of industrial output growth of 8.8 per cent and the service sector's growth of 6.6 per cent. With the improvement in the growth trajectory, the size of the economy has reached Rs. 3 trillion.
In the last two years, inflation has remained contained. Average consumer price inflation that stood at 4.5 per cent in 2016/17 declined to 4.1 per cent in eleven months of 2017/18.
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