Monetary policy orchestration

The policy has blatantly failed to reinvigorate the small-and-medium- enterprise (SME) ecosystem.

The Monetary Policy for Fiscal Year 2024-25 issued last Friday by the Nepal Rastra Bank (NRB), the monetary authority of Nepal, is generally hailed as expansionary. Nepal’s stock market responded positively to it, triggering a bull run and circuit breaks on Sunday’s trade, the first day of trading after the policy announcement. The Nepal Stock Exchange Index crossed the 2,700 mark after 29 months.