Nepal Policy Rate

2003 - 2024 | Monthly | % pa | Nepal Rastra Bank

Key information about Nepal Policy Rate

  • Nepal cash rate (Policy Rate: Month End: Bank Rate) was set at 6.50 % pa in Sep 2024, compared with 6.50 % pa in the previous Aug 2024.
  • Nepal Policy Rate averaged 6.50 % pa and is updated monthly, available from Jul 2003 to Sep 2024.
  • The data reached an all-time high of 8.50 % pa in May 2023 and a record low of 5.00 % pa in Jan 2022.

The data is provided monthly based on the Nepalese calendar which begins approximately on 16th of the previous month and ends on 15th of the reference month.


Related information about Nepal Policy Rate

  • In the latest reports, Nepal Discount Rate: Treasury Bill: 91 Days was reported at 3.00 % pa in Jul 2024.
  • Its Long Term Interest Rate (Long Term Interest Rate: Month End: Nepal: Government Bond Yield: 5 Years) was reported at 9.00 % pa in Jun 2024.
  • Nepal Exchange Rate against USD averaged 131.10 (USD/NPR) in May 2023.

View Nepal's Policy Rate from Jul 2003 to Sep 2024 in the chart:

Nepal Policy Rate

What was Nepal's Policy Rate in Sep 2024?

Nepal cash rate (Policy Rate: Month End: Bank Rate) was set at 6.50 % pa in Sep 2024, compared with 6.50 % pa in the previous Aug 2024. See the table below for more data.

Last Previous Min Max Unit Frequency Range
6.50 Sep 2024 6.50 Aug 2024 5.00 Jan 2022 8.50 May 2023 % pa monthly Jul 2003 - Sep 2024

Policy Rate by Country Comparison

country/region Last Frequency Range
Albania (% pa) 3.00 Jul 2024 monthly Jan 2000 - Jul 2024
Algeria (% pa) 3.00 Jul 2024 monthly Jan 1963 - Jul 2024
Argentina (%) 39.41 Sep 2024 monthly Aug 1985 - Sep 2024
Armenia (% pa) 7.50 Sep 2024 monthly May 2001 - Sep 2024
Australia (% pa) 4.35 Sep 2024 monthly Aug 1990 - Sep 2024
Austria (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Azerbaijan (% pa) 7.25 Sep 2024 monthly Jan 2005 - Sep 2024
Bahrain (% pa) 5.75 Sep 2024 monthly Jan 2007 - Sep 2024
Bangladesh (% pa) 9.50 Sep 2024 monthly Sep 2009 - Sep 2024
Belarus (% pa) 9.50 Jul 2024 monthly Jul 1991 - Jul 2024
Belgium (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Bolivia (% pa) 3.02 Sep 2024 monthly Jan 2013 - Sep 2024
Botswana (% pa) 3.75 Apr 2022 monthly Aug 1976 - Apr 2022
Brazil (% pa) 10.75 Sep 2024 monthly Mar 1999 - Sep 2024
Bulgaria (% pa) 3.43 Oct 2024 monthly Feb 1991 - Oct 2024
Canada (% pa) 4.25 Sep 2024 monthly Dec 1992 - Sep 2024
Chile (% pa) 5.50 Sep 2024 monthly May 1995 - Sep 2024
China (% pa) 2.65 Jun 2023 monthly Jan 2016 - Jun 2023
Colombia (% pa) 10.75 Sep 2024 monthly Apr 1995 - Sep 2024
Croatia (% pa) 3.00 Dec 2022 monthly Dec 1992 - Dec 2022
Cyprus (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Czech Republic (% pa) 3.25 Sep 2024 monthly Jan 1993 - Sep 2024
Denmark (% pa) 3.10 Sep 2024 monthly Aug 1914 - Sep 2024
Ecuador (% pa) 11.68 Sep 2024 monthly Jul 1995 - Sep 2024
Egypt (% pa) 27.75 Sep 2024 monthly Jan 1991 - Sep 2024
Estonia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
European Union (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Finland (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
France (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Georgia (% pa) 8.00 Sep 2024 monthly Jan 2008 - Sep 2024
Germany (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Ghana (% pa) 29.50 May 2023 monthly Nov 2002 - May 2023
Greece (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Hong Kong SAR, China (% pa) 5.25 Sep 2024 monthly Jun 1992 - Sep 2024
Hungary (% pa) 6.50 Sep 2024 monthly Oct 1990 - Sep 2024
Iceland (% pa) 10.00 Sep 2024 monthly Jan 1994 - Sep 2024
India (% pa) 6.50 Sep 2024 monthly Apr 2001 - Sep 2024
Indonesia (% pa) 6.00 Sep 2024 monthly Jun 2015 - Sep 2024
Ireland (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Israel (% pa) 4.50 Sep 2024 monthly Dec 1998 - Sep 2024
Italy (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Ivory Coast (% pa) 2.50 Mar 2017 monthly Jan 1964 - Mar 2017
Japan (% pa) -0.10 Jun 2023 monthly Nov 2008 - Jun 2023
Jordan (% pa) 8.00 Sep 2024 monthly Dec 1965 - Sep 2024
Kazakhstan (% pa) 14.25 Sep 2024 monthly Feb 1992 - Sep 2024
Kenya (% pa) 12.75 Sep 2024 monthly Jul 2003 - Sep 2024
South Korea (% pa) 3.50 Sep 2024 monthly May 1999 - Sep 2024
Kosovo (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Kuwait (% pa) 4.00 Sep 2024 monthly Jul 1999 - Sep 2024
Kyrgyzstan (% pa) 9.00 Sep 2024 monthly Jan 1999 - Sep 2024
Laos (% pa) 7.50 May 2023 monthly Dec 1992 - May 2023
Latvia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Lebanon (% pa) 10.00 Jan 2023 monthly Apr 1964 - Jan 2023
Lithuania (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Luxembourg (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Macau SAR, China (% pa) 5.25 Sep 2024 monthly Dec 1999 - Sep 2024
North Macedonia (% pa) 6.05 Sep 2024 monthly Jan 2002 - Sep 2024
Malawi (% pa) 26.00 Sep 2024 monthly Jan 1980 - Sep 2024
Malaysia (% pa) 3.00 Sep 2024 monthly Apr 2004 - Sep 2024
Malta (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Mauritius (% pa) 4.00 Sep 2024 monthly Dec 1999 - Sep 2024
Mexico (% pa) 10.50 Sep 2024 monthly Jan 2008 - Sep 2024
Moldova (% pa) 3.60 Sep 2024 monthly Feb 2001 - Sep 2024
Mongolia (% pa) 10.00 Sep 2024 monthly Jul 2007 - Sep 2024
Montenegro (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Morocco (% pa) 2.75 Sep 2024 monthly Jun 1995 - Sep 2024
Myanmar (% pa) 7.00 2024 yearly 1986 - 2024
Nepal (% pa) 6.50 Sep 2024 monthly Jul 2003 - Sep 2024
Netherlands (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
New Zealand (% pa) 5.50 May 2023 monthly Mar 1999 - May 2023
Nigeria (% pa) 27.25 Sep 2024 monthly Dec 2006 - Sep 2024
Norway (% pa) 4.50 Aug 2024 monthly Jan 1991 - Aug 2024
Oman (% pa) 5.50 Oct 2024 monthly May 2007 - Oct 2024
Pakistan (% pa) 18.50 Sep 2024 monthly Feb 1992 - Sep 2024
Paraguay (% pa) 6.00 Sep 2024 monthly Jul 2010 - Sep 2024
Peru (% pa) 5.25 Sep 2024 monthly Sep 2003 - Sep 2024
Philippines (% pa) 7.00 May 2024 monthly Jun 2016 - May 2024
Poland (% pa) 5.75 Oct 2024 monthly Jan 2005 - Oct 2024
Portugal (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Qatar (% pa) 5.70 Sep 2024 monthly Mar 2003 - Sep 2024
Romania (% pa) 6.50 Sep 2024 monthly Jan 2003 - Sep 2024
Russia (% pa) 19.00 Sep 2024 monthly Sep 2013 - Sep 2024
Saudi Arabia (% pa) 5.50 Sep 2024 monthly Jan 2000 - Sep 2024
Serbia (% pa) 6.00 Aug 2024 monthly Jan 2001 - Aug 2024
Singapore (% pa) 4.00 Jun 2023 monthly Jul 2005 - Jun 2023
Slovakia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Slovenia (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
South Africa (% pa) 8.00 Sep 2024 monthly Nov 1999 - Sep 2024
Spain (% pa) 3.65 Sep 2024 monthly Jan 1999 - Sep 2024
Sri Lanka (% pa) 8.25 Sep 2024 monthly Jan 1997 - Sep 2024
Sweden (% pa) 3.50 Sep 2024 monthly Jan 1987 - Sep 2024
Switzerland (% pa) 1.21 Sep 2024 monthly Jun 1999 - Sep 2024
Syria (% pa) 5.00 Sep 2024 monthly Jan 1962 - Sep 2024
Taiwan (% pa) 2.00 Sep 2024 monthly Jul 1961 - Sep 2024
Tajikistan (% pa) 9.00 Sep 2024 monthly Jun 1995 - Sep 2024
Thailand (% pa) 2.50 Sep 2024 monthly May 2000 - Sep 2024
Tunisia (% pa) 8.00 Sep 2024 monthly Jan 2000 - Sep 2024
Turkey (% pa) 50.00 Sep 2024 monthly Jun 1996 - Sep 2024
Ukraine (% pa) 13.00 Sep 2024 monthly Dec 1992 - Sep 2024
United Arab Emirates (% pa) 4.90 Sep 2024 monthly Nov 2007 - Sep 2024

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Nepal Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.0 2018 yearly 2012 - 2018
Consolidated Fiscal Balance (USD mn) -1,524.588 Jun 2024 quarterly Mar 2017 - Jun 2024
Tax Revenue (USD mn) 1,888.894 Jun 2018 quarterly Sep 1997 - Jun 2018
Tax Revenue: % of GDP (%) 19.1 2018 yearly 2001 - 2018
National Government Debt (USD mn) 14,538.4 2021 yearly 1990 - 2021
Government Debt: % of GDP (%) 39.9 2021 yearly 1990 - 2021
Forecast: Government Expenditure (NPR bn) 2,379.830 2028 yearly 2000 - 2028
Forecast: Government Net Debt (NPR bn) 4,376.278 2029 yearly 2000 - 2029
Forecast: Government Revenue (NPR bn) 2,287.426 2029 yearly 2000 - 2029
Government Debt: Total (NPR mn) 1,735,015.267 2021 yearly 1999 - 2021
Government Debt: External (NPR mn) 934,695.200 2021 yearly 1999 - 2021
Government Domestic Debt: Annual: Bonds & Treasury Bills (NPR mn) 1,125,188.232 2023 yearly 1986 - 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.000 yearly -
Trade Balance (USD mn) -903.3 Sep 2024 monthly Aug 1974 - Sep 2024
Total Exports (USD mn) 95.8 Sep 2024 monthly Aug 2003 - Sep 2024
Total Exports Growth (%) -0.4 Sep 2024 monthly Aug 2004 - Sep 2024
Aluminum: Exports (USD th) 552.553 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 8,273.612 2022 yearly 1998 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,177.188 2022 yearly 1996 - 2022
Total Imports (USD mn) 999.2 Sep 2024 monthly Aug 2003 - Sep 2024
Total Imports Growth (%) 2.8 Sep 2024 monthly Aug 2004 - Sep 2024
Imports: Medicament (USD th) 190,021.631 2022 yearly 1998 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 126,408.315 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 11.451 Jun 2024 monthly Sep 1983 - Jun 2024
Total Imports from USA (USD mn) 11.469 Jun 2024 monthly Jan 1981 - Jun 2024
Total Exports to China (USD mn) 1.041 Sep 2024 monthly Apr 2013 - Sep 2024
Total Imports from China (USD mn) 205.240 Sep 2024 monthly Apr 2013 - Sep 2024
Exports: fob: Custom Basis (NPR mn) 12,866.955 Sep 2024 monthly Aug 2003 - Sep 2024
Imports: cif: Custom Basis (NPR mn) 134,165.505 Sep 2024 monthly Aug 2003 - Sep 2024
Trade Balance: Custom Basis (NPR mn) -121,298.550 Sep 2024 monthly Aug 2003 - Sep 2024
Imports: cif: Custom Basis: India (NPR mn) 82,970.732 Sep 2024 monthly Aug 2003 - Sep 2024
Exports: fob: Custom Basis: Other Countries (NPR mn) 4,320.955 Sep 2024 monthly Aug 2003 - Sep 2024
Exports: fob: Custom Basis: India (NPR mn) 8,406.173 Sep 2024 monthly Aug 2003 - Sep 2024
Imports: cif: Custom Basis: Other Countries (NPR mn) 23,635.713 Sep 2024 monthly Aug 2003 - Sep 2024
Exports: fob: Custom Basis: China (NPR mn) 139.827 Sep 2024 monthly Apr 2013 - Sep 2024
Imports: cif: Custom Basis: China (NPR mn) 27,559.060 Sep 2024 monthly Apr 2013 - Sep 2024
Exports: Manufactured Goods Classified by Materials (NPR mn) 6,270.133 Apr 2024 monthly Aug 2003 - Apr 2024
Exports: Chemicals (NPR mn) 535.188 Apr 2024 monthly Aug 2003 - Apr 2024
Exports: Miscellaneous Manufactures Articles (NPR mn) 1,331.133 Apr 2024 monthly Aug 2003 - Apr 2024
Exports: Food & Live Animals (NPR mn) 3,365.681 Apr 2024 monthly Aug 2003 - Apr 2024
Exports: Crude Materials Inedible: Except Fuel (NPR mn) 367.577 Apr 2024 monthly Aug 2003 - Apr 2024
Export Volume Index (2015=100) 171.601 2021 yearly 2000 - 2021
Import Volume Index (2015=100) 187.157 2021 yearly 2000 - 2021
Import Value Index (2015=100) 238.930 2021 yearly 1980 - 2021
Export Value Index (2015=100) 233.718 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Current Account Balance (USD mn) 313.5 Jul 2024 quarterly Oct 2000 - Jul 2024
Current Account Balance: % of GDP (%) 3.9 2024 yearly 2001 - 2024
Foreign Direct Investment (USD mn) 14.4 Jul 2024 quarterly Oct 2000 - Jul 2024
Foreign Direct Investment: % of GDP (%) 0.1 2024 yearly 2001 - 2024
External Debt (USD mn) 9,906.6 Mar 2024 quarterly Mar 2012 - Mar 2024
External Debt: % of GDP (%) 17.3 2016 yearly 2001 - 2016
External Debt: Short Term (USD mn) 321.9 2022 yearly 1977 - 2022
Forecast: Current Account Balance (USD bn) -2.490 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -957.631 Jun 2023 quarterly Dec 2012 - Jun 2023
NP: BoP: Financial Account: Portfolio Investment (USD mn) 0.000 Jun 2020 quarterly Mar 1977 - Jun 2020
NP: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) 0.000 Jun 2020 quarterly Mar 1977 - Jun 2020
NP: BoP: Financial Account: Portfolio Investment: Assets (USD mn) 0.000 Jun 2020 quarterly Mar 1977 - Jun 2020
BoP: Current Account: Income (NPR mn) 25,748.637 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Services (NPR mn) -3,623.860 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Services: Debit (NPR mn) -77,096.594 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Financial Account (NPR mn) 63,943.939 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Income: Debit (NPR mn) -8,061.763 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Goods: Import cif (NPR mn) -423,332.921 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Services: Credit (NPR mn) 73,472.734 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Financial Account: Liabilities (NPR mn) 65,058.828 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Reserve Assets & Related Items (RR) (NPR mn) -122,162.930 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Current Transfers: Credit (NPR mn) 397,842.038 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Financial Account: Portfolio Investment (NPR mn) 0.000 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Net Error & Omissions (NPR mn) 15,324.796 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Current Transfers (NPR mn) 396,739.649 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Goods: Exports fob (NPR mn) 46,326.450 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Current Transfers: Debit (NPR mn) -1,102.389 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account (NPR mn) 41,857.955 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Financial Account: Direct Investment in Nepal (NPR mn) 1,919.110 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Income: Credit (NPR mn) 33,810.401 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Financial Account: Assets: Other Investment (OI) (NPR mn) -3,033.999 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Capital Account (NPR mn) 1,036.240 Jul 2024 quarterly Oct 2000 - Jul 2024
BoP: Current Account: Goods Balance (NPR mn) -377,006.470 Jul 2024 quarterly Oct 2000 - Jul 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 2.5 2015 yearly 2003 - 2015
Non-Performing Loans (USD mn) 267.883 2015 yearly 2003 - 2015
Money Supply M1 (USD mn) 6,594.123 Sep 2024 monthly Jan 2001 - Sep 2024
Money Supply M2 (USD mn) 52,082.902 Sep 2024 monthly Jan 2001 - Sep 2024
M2 Growth (%) 13.9 Sep 2024 monthly Jan 2002 - Sep 2024
Reserve Requirement Ratio (%) 4.0 Sep 2024 monthly Jul 2003 - Sep 2024
Foreign Exchange Reserves (USD mn) 14,370.8 Sep 2024 monthly Jan 2002 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 4.000 Sep 2024 monthly Jul 2003 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 14.4 Sep 2024 monthly Aug 2003 - Sep 2024
Gold Reserves (USD mn) 634.149 Sep 2024 monthly Jul 1957 - Sep 2024
Total Deposits (USD mn) 40,139.168 Sep 2024 monthly Jan 2001 - Sep 2024
Total Deposits Growth (%) 6.7 Sep 2024 monthly Jan 2002 - Sep 2024
Domestic Credit (USD mn) 48,772.0 Sep 2024 monthly Jan 2001 - Sep 2024
Domestic Credit Growth (%) 6.6 Sep 2024 monthly Jan 2002 - Sep 2024
Total Loans (USD mn) 34,296.881 Apr 2024 monthly Jan 2001 - Apr 2024
Total Loans Growth (%) 5.26 Apr 2024 monthly Jan 2002 - Apr 2024
Private Debt: % of Nominal GDP (%) 74.92 2023 yearly 2003 - 2023
Monetary Survey: Domestic Credits (DO) (NPR mn) 6,546,666.799 Sep 2024 monthly Jan 2001 - Sep 2024
Monetary Survey: Narrow Money M1 (NPR mn) 885,129.077 Sep 2024 monthly Jan 2001 - Sep 2024
Monetary Survey: Broad Money M2 (NPR mn) 6,991,087.905 Sep 2024 monthly Jan 2001 - Sep 2024
Foreign Reserve (USD mn) 15,202.663 Sep 2024 monthly Jan 2002 - Sep 2024
Commercial Banks: Deposits exclude Interbank (NPR mn) 5,387,880.565 Sep 2024 monthly Jan 2001 - Sep 2024
Commercial Banks: Loans & Advances (NPR mn) 1,945,068.90 Jan 2018 monthly Jan 2001 - Jan 2018
CB: NPL (NPR mn) 27,174.060 2015 yearly 2003 - 2015

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