Further, the degree of financialization is still low and total credit of banks and financial institutions stands at just 63 per cent of GDP. The financial sector strategy of the Nepal Rastra Bank has now been to consolidate the institutional expansion along with ensuring wider and better access to financial services.
We will also continue to monitor developments in the exchange rate regarding their possible implications for the medium-term inflation outlook. We stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry.