Kathmandu. Governor of Nepal Rashtra Bank Dr. Bishwanath Poudel has said that the country’s economic indicators are satisfactory. Addressing the anniversary function of Nepal Rastra Bank ( here today, he said the current economic indicators were satisfactory. 

According to him, consumer inflation is within the monetary policy target.The average consumer price inflation for the 8-month period of the fiscal year 2082/83 is 2.1 percent. This was 4.7.7 percent in the previous year. Balance of Payment Position: The balance of payment savings is further strengthening. On the financial system, theweighted average interest rate gap between deposits and loans is at the lowest point, which allows the private sector and the government to mobilize financial instruments at cheaper interest rates. 

Accordingto the National Bureau of Statistics, the gross domestic product (GDP) has increased by 4.1 percent in the second quarter of the fiscal year 4.1 according to the National Bureau of Statistics.According to the Nepal Rastra Bank Bank Act, 2058,the bank has been revising the monetary, banking and foreign exchange policies as per the time.

In order to make the monetary policy more factual and ‘forward looking’,the bank has started publishing {{} ‘Macroeconomic Report‘ and the implementation has been made transparent through the interest rate corridor, said Governor Poudel. 

He said that there has been a clear mandate after the election and expressed confidence that stability would be maintained in the country. “A single party has formed a government with a clear majority through the elections held on March 4. It is believed that the country will progress towards prosperity by maintaining political, policy and administrative stability. “Currently, consumer inflation is within the monetary policy target,” he said. ’

Similarly, Governor Poudel has said that there may be some slowdown in the global economy, targeting the projection of the International Monetary Fund.The global economy is projected to grow by 3.1 percent in 2026 and by 3.2 percent in 2027. According to him, there is a risk of negative impact on Nepal’s agriculture, tourism and industry due to geopolitical geopolitical tensions in West Asia, increase in fuel prices and disruption of supply chain . He cautioned that this could directly or indirectly affect financial stability .