NRB to be required to issue monetary policy on first day of fiscal year

Nepal Rastra Bank (NRB) faces a potential new mandate requiring it to issue its monetary policy on the very first day of every fiscal year. This significant procedural shift is part of a proposed amendment to the Nepal Rastra Bank Act, currently under detailed review.

The bill is undergoing clause-by-clause discussion within the Finance Committee of the House of Representatives. The proposed legislation aims to establish a clear, consistent timeline for the central bank's crucial policy announcements, ensuring predictability for the financial sector.

By mandating the release of monetary policy on a specific day, the amendment seeks to enhance transparency and provide timely guidance to markets, businesses, and the public. This move could streamline financial planning and signal a more proactive approach from Nepal's central banking institution.