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Kathmandu: Nepal Rastra Bank has on Wednesday unveiled the monetary policy of the fiscal year 2075/076 with some key provisions to manage the recent embarrassing situation emerged in the banking sector.
Interest rate is reduced by 4.5 percent from 5 percent. With the provision, the interest gap between the savings and the loan provided by banks will be 4.5 percent from the new fiscal year. However, the microfinance companies are allowed to spread the interest rate by 6 percent.