Kathmandu. Nrb’s former executive director Nar Bahadur Thapa said that the monetary policy should be brought after adequate manipulation.
Presenting a working paper at a programme organized and award distribution and budget and monetary policy coordination interaction programme organized by The Association of Economic Journalists of Nepal here today, he said the monetary policy should be brought keeping in view the long-term impact.
They have demanded that the loan-to-value ratio, which was changed to electric vehicles from the half-yearly review, should be restored to the old state. He said that it does not matter if nepal’s balance of payment is sufficient, opening up the issue of auto loans.
“It seems that the monetary policy is coming in the first week of July at a time when suggestions are going on,” thapa said, adding, “Automobile entrepreneurs are unhappy with the change in the loan-to-value ratio by the Rastra Bank.” They have shown more interest in the new monetary policy. ’
Speaking at a programme organised in collaboration with NADA Automobiles Association of Nepal, Thapa said that although inflation has not increased due to higher taxes imposed on vehicles by the government, it is expensive compared to neighboring countries due to high cost. He said that auto assembly industry and spare parts industry are being established in Nepal.
