Garbanar Mahaprasad Adhikari of Nepal Rastra Bank has said that the role of Rastra Bank in the economic slowdown is zero. He said this while speaking in the third session of 'Economic Summit 2024' organized by Kantipur Media Group.

Stating that the economy is slack but not in crisis, Governor Adhikari has stated that the National Bank has no role in the slack economy. Stating that there should be policy stability to make the economy sustainable, he said that the policy taken by the National Bank should be predictable rather than stable.

"Even in the government statements, it has been said that the economy is lax, in the current situation, the economy is lax," he said. However, there is a crisis in some areas.'

The 9-month data released by the National Bank on Sunday also shows that there are 19 trillion 11 billion foreign exchange reserves. Governor Adhikari said that foreign exchange reserves can be used to import goods for 15 months and import goods and services for 12.5 months. Stating that the external sector is strong, he said that foreign currency can be spent at any time at the desired time. "When the government brings a program for economic growth tomorrow, while the private sector says it will work, the private sector has enough liquidity, we can use it at any time," he said.

Compared to the policy of two years ago, today it has decreased by 2 percentage points, he said. "The lending interest rate of the banks has decreased by 2 and a half percent," he said, "despite this, it has directly affected the construction sector and related industries. Because of this, the production is negative.' He said that the economy is relaxed due to various reasons including cooperatives.