Macroeconomic Update of Nepal (Bhadra 2076/Mid-September 2019)
Macroeconomic Update of Nepal (Bhadra 2076/Mid-September 2019)
- Consumer inflation stood
at 6.16 percent on y-o-y basis.
- Merchandise exports increased
by 25.9 percent.
- Merchandise imports decreased 1.2 percent.
- Total trade deficit
narrowed by 3.1 percent.
- Net services income
remained at a deficit of Rs.5.06 billion.
- Remittance inflows decreased 0.3 percent to
Rs.153.73 billion.
- Number of Nepalese workers
migrated for foreign
employment increased 0.2 percent.
- Current account registered
a deficit of Rs.21.79 billion.
- Balance of Payments (BOP)
remained at a surplus of Rs.8.83 billion.
- Gross foreign exchange reserves increased to Rs.1078.94
billion.
- Foreign exchange reserves
of the banking sector is
sufficient to cover the prospective imports
of 8.4 months.
- Deposits at BFIs grew by 17 percent on y-o-y basis.
- Credit to the private sector from BFIs increased 20 percent on
y-o-y basis.
- Base rate of commercial
banks decreased to 9.53 percent.
- Commercial banks extended their branches at 739 levels out of 753.
- Total number of BFIs
licensed by NRB is 168 of which 28 commercial
banks, 28 development banks, 22 finance companies,
89 microfinance financial institutions and 1
infrastructure development bank
are in operation.
- The number of branches of BFIs stood at 8970 .
- The number of companies listed at NEPSE stood at 218 .
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