Since October 1988, financial investors have been able to hedge and speculate on future values of the federal funds rate by trading contracts in a futures market, overseen by the Chicago Board of Trade. Investors in this market have a strong financial incentive to try to guess correctly what the federal funds rate will be, on average, at various points in the future.
In this respect, as Korea is presently ahead of Nepal in economic development, I think that we are in a fortunate position to give a lot of help. If you wish, the Bank of Korea will be happy to further expand our cooperation and friendship with the Nepal Rastra Bank.