Kathmandu. Nepal Rastra Bank ( NRB) has released its annual review report of the Monetary Policy for the fiscal year 2082/83. The report shows that Nepal’s domestic economy is on the path of gradual improvement amidst political tensions anduncertainty in the global economy.

According to the bank’s bank, Nepal’s consumer inflation is under control during the review period. According to the report, the average consumer price inflation was limited to 2. 66 percent in the review period.

Similarly, the external sector is also in a strong position The bank said . According to the report, the country’s foreign exchange reserves are becoming stronger and the current is in a position to support the import of goods and services up to 19.2 months.

Despite the uncertainties, geopolitical tensions and economic challenges in the global market, Nepal’s external sector remains balanced and the macroeconomic indicators are moving in a positive direction, the bank concludes.

The monetary policy review also pointed out that the improvement in financial sector indicators is in line with the objective of reviving economic activity while maintaining price stability.The bank has stated that it will continue monetary management in the coming days to make domestic production, investment expansion and economic activities more dynamic.

According to the Monetary Policy Review, credit expansion to the private sector has been limited to 6.5 percent. In the current fiscal year, the growth rate of credit to the private sector is estimated to be 12.0 percent. Monetary Policy Review: