29 March 2020 – Lowered cash reserve ratio and reduced interest rate on standing liquidity facility rate

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Level of Jurisdiction: National

Overview: The Nepal Rastra Bank has lowered its cash reserve ratio from 4 percent to 3 percent and reduced the interest rate on the standing liquidity facility rate from 6 percent to 5 percent.

This measure is intended to provide liquidity to the financial system.
Full details here: https://www.nrb.org.np/bfr/circular/2076-77/2076_77_(Notice)–18-Covid-19_Related-new.pdf