NRB Policy Rate (Bank Rate) 2024-25

Details

The Bank Rate is the interest rate at which Nepal Rastra Bank (NRB) provides credit to commercial banks and other financial institutions under the lender of last resort facility.

Current Bank Rate: $6.5%$ (reduced from $7.0%$ in the Monetary Policy of FY 2081/82).
Purpose: It acts as the upper limit or ceiling of the Interest Rate Corridor (IRC).
Function: NRB uses this rate to regulate the flow of money and credit in the economy. A lower bank rate encourages commercial banks to borrow more, which increases liquidity in the market.

Category

Monetary Policy

Fiscal Year

2082

Key Figure/Rate

6.5%