/cloudfront-us-east-2.images.arcpublishing.com/reuters/WXSDKLE4LFM4FLVGOR2VGASSU4.jpg "Nepal central bank hikes policy rate, warns of pressure on FX reserves")
Nepal's central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, as part of efforts to tame inflation which is running at a six-year high, and warned about pressure on declining forex reserves.
Nepal central bank hikes policy rate, warns of pressure on FX reserves
Nepal's central bank on Friday raised its benchmark policy rate at which it lends to commercial banks to 8.5% from 7%, as part of efforts to tame inflation which is running at a six-year high, and warned about pressure on declining forex reserves.
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