Nepal Rastra Bank Report: Inflation at 4.71%, Increase in Imports and Remittance Inflows
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Nepal Rastra Bank has released the economic and financial status report for the first six months of the fiscal year 2081/82. According to the central bank, the annual consumer price index-based inflation stands at 4.71%.
The report shows that imports have increased by 7.1%, while exports have grown by 2.9%. Additionally, remittance inflows have surged by 11.1%, contributing to an improved balance of payments.
The balance of payments surplus stands at NPR 139.21 billion, while the total foreign exchange reserves have expanded by 13.8%. However, the Nepalese government has incurred a revenue deficit of NPR 66.17 billion.
Banking and financial institutions have recorded a 7.1% increase in deposit collection and a 6.5% rise in credit disbursement. With broad money supply increasing by 9%, Nepal Rastra Bank asserts that financial stability remains intact.
