Banking News – A timing mismatch has emerged between Nepal Rastra Bank and the parliamentary Finance Committee over the formulation of the monetary policy for the upcoming fiscal year.

While NRB Governor Bishwo Nath Poudel is making final preparations to unveil the monetary policy for fiscal year 2083/84 on Tuesday, the Finance Committee of the House of Representatives has scheduled a discussion for Wednesday to collect suggestions on what should be included in the policy.

According to the Federal Parliament Secretariat, the committee’s 13th meeting will be held at 8:30 a.m. on Wednesday at the committee hall in Singha Durbar. The meeting’s main agenda includes discussions on recommendations for the monetary policy for fiscal year 2083/84.

The committee is also scheduled to discuss issues related to its field monitoring activities, complaints received, and other miscellaneous matters.

Governor Poudel is scheduled to leave for Bhutan on Wednesday to participate in a high-level meeting of central bank governors from SAARC member countries. As a result, Nepal Rastra Bank is expected to release the monetary policy before his departure.

The sequence of events means that the parliamentary committee will discuss recommendations for the monetary policy only after the central bank is expected to have already published it, highlighting a lack of coordination between the two institutions.