Promising Monetary Policy

The unveiling of Monetary Policy for the current fiscal Year 2024/25 on Friday by the Nepal Rastra Bank (NRB) has raised hopes that the major issues plaguing the economy since the COVID-19 hit will be sorted out. That the private sector has unreservedly endorsed it and reacted cheerfully is a testament that the policy will effectively steer the ailing economy towards recovery and then to significant growths if implemented in letter and spirit.