Banking News – The Nepal Rastra Bank has projected that inflation will be contained at 5.5 percent during the fiscal year 2083/84.

Presenting the Monetary Policy for FY 2083/84, Governor Bishwanath Paudel said the central bank has set a credit expansion target of 11 percent for the fiscal year.

The credit growth target has been aligned with the government’s fiscal policy, which aims to achieve 7 percent economic growth. According to the central bank, the planned expansion in lending is intended to support the government’s economic growth objective.