Monday Mar 27, 2023
Monday Mar 27, 2023

CNI accepts NBA's decision to reduce the interest rate

2023 Jan 13, 9:32, Kathmandu
Representative Illustration via Lofti

The Confederation of Nepalese Industries (CNI) has welcomed the decision of the Nepal Bankers’ Association to reduce the interest rate.

Issuing a press statement on Thursday, the NBA said that move to reduce the loan’s interest rate is positive at a time when there is a crisis of capital for investment in the economy, the non-performing loan is on the rise and the private sector’s confidence is crumbling.

The CNI has also said that decision to decrease the interest rate is a matter of happiness as the demand is shrinking and plans for new investments are postponed due to higher interest rates.

“The CNI has been calling for slashing the interest rate to boost the economy and increase the private sector’s morale. The decision will be supportive to bring back the economy on right track from the challenging situation,” according to the CNI.

Likewise, the CNI has expressed its belief that investment will be expanded in the businesses and industrialists’ morale will remain high from the decision to decrease the bank loan’s interest rate.

Furthermore, the CNI has hoped that the economy shall remain vibrant from the increased demand and more investment by the investors, thanks to a decrease in the interest rate.

The CNI has also urged the central bank to ensure policy reforms in the monetary policy through its biannual review for sufficient liquidity in the market.



Confederation of Nepalese Industries CNI Nepal Bankers’ Association NBA NBA's decision reduce the interest rate
Nepal's First Online News Portal
Published by Nepalnews Pvt Ltd
Editor: Raju Silwal
Information Department Registration No. 1505 / 076-77


KMC-02, UttarDhoka,
Lazimpat, Nepal

+977–01–4445751 / 4445754

[email protected] [email protected]

Terms of Use Disclaimer
© NepalNews. 2021 All rights reserved. | Nepal's First News Portal