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Nepali Congress MP Rajendra Bajgain has said that the monetary policy of the next financial year brought by Nepal Rastra Bank has paved the way for economic stability and revival.
Commenting on the monetary policy introduced by Rashtra Bank Governor Vishwanath Paudel on Friday, MP Bajgai said this.
'Promoting consumption and investment by reducing the policy rate and corridor rate, providing 12 percent more credit to the private sector, discounting home loans and share mortgage loans, and introducing new structures to strengthen digital financial access,' he said, 'this has paved the way for economic stability and revival.'
Due to low interest rates and more liquidity, opportunities are being created in tourism, hydropower, stock market, and small/medium enterprises, etc., he said. According to MP Bajgai, there has been relief in energy sector projects as interest capitalization in hydropower loans is easy. Also in the stock market, the increase in the margin loan limit He said that he worked to increase the confidence and market capitalization of investors.
'Nepal's past is not only stabilized, but it is strengthening the revival of the economy by opening up new possibilities,' he said, 'Governor Paudel's democratic and visionary leadership will promote this faith and hope.'
