Stability or stagnation?

To actively pursue development, Governor Poudel must articulate a vision beyond risk management.

Nepal Rasta Bank (NRB) Governor Biswo Nath Poudel unveiled the Monetary Policy 2025-26 last week. The policy arrives at a time when Nepal is facing prolonged stagnation, shrinking investment and declining aggregate demand, coupled with a volatile global financial landscape. The central bank’s policy, which is shaped by Poudel’s vision, carries significant weight. Yet, it also raises critical questions about whether the necessary decisiveness and boldness will accompany its implementation.