Nepal's central bank on Friday lowered its benchmark policy rate at which it lends to commercial banks to 7.5% from 8.5%. "There is contraction in economic activities and the move is expected to reverse the slowdown," Prakash Kumar Shrestha, chief of the Economic Research Department of the central bank told Reuters after the third quarter monetary policy review.
KATHMANDU (Reuters) - Nepal's Prime Minister Pushpa Kamal Dahal on Friday named centrist politician and economic expert Prakash Sharan Mahat as finance minister, a presidential statement said, as the country tackles falling revenue collection and high interest rates. | 06:36am
Nepal PM Names New Finance Minister Amid Economic Woes usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Nepal’s Prime Minister Pushpa Kamal Dahal on Friday named centrist politician and economic expert Prakash Sharan Mahat as finance minister, a presidential statement said, as the country tackles falling revenue collection and high interest rates.
Inflation, job concerns loom large as Nepal prepares to vote bdnews24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bdnews24.com Daily Mail and Mail on Sunday newspapers.