February 10: Nepal Rastra Bank has said that the rising liquidity in the banking system will help improve stock market in the days to come.
At a press meet organised after the half-yearly review of monetary policy of the current fiscal year 2022/23 published by Nepal Rastra Bank on Friday, NRB’s Executive Director Prakash Kumar Shrestha said liquidity was easing in the banking system and it would have a positive impact on the share market.
“With the rise of deposits in the banking system, liquidity is becoming comfortable. This will have the positive effect on the stock market,” Shrestha added.
Stating that the Nepal Rastra Bank’s current priority was to maintain the country’s financial stability, Director Shrestha held that half-yearly review of the monetary policy had kept the policy-level provisions unchanged for the same.