Nepal Policy Rate
2003 - 2025 | 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 Feb 2025, compared with 6.50 % pa in the previous Jan 2025.
- Nepal Policy Rate averaged 6.50 % pa and is updated monthly, available from Jul 2003 to Feb 2025.
- The data reached an all-time high of 8.50 % pa in May 2023 and a record low of 5.00 % pa in Feb 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 2.86 % pa in Feb 2025.
- Its Long Term Interest Rate (Long Term Interest Rate: Month End: Nepal: Government Bond Yield: 5 Years) was reported at 9.00 % pa in Dec 2024.
- Nepal Exchange Rate against USD averaged 131.10 (USD/NPR) in May 2023.
View Nepal's Policy Rate from Jul 2003 to Feb 2025 in the chart:
What was Nepal's Policy Rate in Feb 2025?
Nepal cash rate (Policy Rate: Month End: Bank Rate) was set at 6.50 % pa in Feb 2025, compared with 6.50 % pa in the previous Jan 2025. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.50 Feb 2025 | 6.50 Jan 2025 | 5.00 Feb 2022 | 8.50 May 2023 | % pa | monthly | Jul 2003 - Feb 2025 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.75 Feb 2025 | monthly | Jan 2000 - Feb 2025 |
| Algeria (% pa) | 3.00 Feb 2025 | monthly | Jan 1963 - Feb 2025 |
| Argentina (%) | 27.74 Feb 2025 | monthly | Jan 1985 - Feb 2025 |
| Armenia (% pa) | 6.75 Feb 2025 | monthly | May 2001 - Feb 2025 |
| Australia (% pa) | 4.10 Feb 2025 | monthly | Aug 1990 - Feb 2025 |
| Austria (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Azerbaijan (% pa) | 7.25 Mar 2025 | monthly | Jan 2005 - Mar 2025 |
| Bahrain (% pa) | 5.25 Feb 2025 | monthly | Jan 2007 - Feb 2025 |
| Bangladesh (% pa) | 10.00 Feb 2025 | monthly | Sep 2009 - Feb 2025 |
| Belarus (% pa) | 9.50 Feb 2025 | monthly | Jul 1991 - Feb 2025 |
| Belgium (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Bolivia (% pa) | 3.05 Feb 2025 | monthly | Jan 2013 - Feb 2025 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 13.25 Feb 2025 | monthly | Mar 1999 - Feb 2025 |
| Bulgaria (% pa) | 2.59 Mar 2025 | monthly | Feb 1991 - Mar 2025 |
| Canada (% pa) | 3.00 Feb 2025 | monthly | Dec 1992 - Feb 2025 |
| Chile (% pa) | 5.00 Feb 2025 | monthly | May 1995 - Feb 2025 |
| China (% pa) | 2.65 Jun 2023 | monthly | Jan 2016 - Jun 2023 |
| Colombia (% pa) | 9.50 Feb 2025 | monthly | Apr 1995 - Feb 2025 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Czech Republic (% pa) | 2.75 Feb 2025 | monthly | Jan 1993 - Feb 2025 |
| Denmark (% pa) | 2.35 Feb 2025 | monthly | Aug 1914 - Feb 2025 |
| Ecuador (% pa) | 9.33 Feb 2025 | monthly | Jul 1995 - Feb 2025 |
| Egypt (% pa) | 27.75 Feb 2025 | monthly | Jan 1991 - Feb 2025 |
| Estonia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| European Union (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Finland (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| France (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Georgia (% pa) | 8.00 Feb 2025 | monthly | Jan 2008 - Feb 2025 |
| Germany (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Ghana (% pa) | 29.50 May 2023 | monthly | Nov 2002 - May 2023 |
| Greece (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Hong Kong SAR, China (% pa) | 4.75 Feb 2025 | monthly | Jun 1992 - Feb 2025 |
| Hungary (% pa) | 6.50 Jan 2025 | monthly | Oct 1990 - Jan 2025 |
| Iceland (% pa) | 10.00 Feb 2025 | monthly | Jan 1994 - Feb 2025 |
| India (% pa) | 6.25 Feb 2025 | monthly | Apr 2001 - Feb 2025 |
| Indonesia (% pa) | 5.75 Feb 2025 | monthly | Jun 2015 - Feb 2025 |
| Ireland (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Israel (% pa) | 4.50 Feb 2025 | monthly | Dec 1998 - Feb 2025 |
| Italy (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| 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) | 7.50 Feb 2025 | monthly | Dec 1965 - Feb 2025 |
| Kazakhstan (% pa) | 15.25 Feb 2025 | monthly | Feb 1992 - Feb 2025 |
| Kenya (% pa) | 10.75 Feb 2025 | monthly | Jul 2003 - Feb 2025 |
| South Korea (% pa) | 2.75 Feb 2025 | monthly | May 1999 - Feb 2025 |
| Kosovo (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Kuwait (% pa) | 4.00 Feb 2025 | monthly | Jul 1999 - Feb 2025 |
| Kyrgyzstan (% pa) | 9.00 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Laos (% pa) | 7.50 May 2023 | monthly | Dec 1992 - May 2023 |
| Latvia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Lebanon (% pa) | 10.00 Jan 2023 | monthly | Apr 1964 - Jan 2023 |
| Lithuania (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Luxembourg (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Macau SAR, China (% pa) | 4.75 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| North Macedonia (% pa) | 5.35 Mar 2025 | monthly | Jan 2002 - Mar 2025 |
| Malawi (% pa) | 26.00 Feb 2025 | monthly | Jan 1980 - Feb 2025 |
| Malaysia (% pa) | 3.00 Feb 2025 | monthly | Apr 2004 - Feb 2025 |
| Malta (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Mauritius (% pa) | 4.50 Feb 2025 | monthly | Dec 1999 - Feb 2025 |
| Mexico (% pa) | 9.50 Feb 2025 | monthly | Jan 2008 - Feb 2025 |
| Moldova (% pa) | 5.60 Feb 2025 | monthly | Feb 2001 - Feb 2025 |
| Mongolia (% pa) | 10.00 Feb 2025 | monthly | Jul 2007 - Feb 2025 |
| Montenegro (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Morocco (% pa) | 2.50 Feb 2025 | monthly | Jun 1995 - Feb 2025 |
| Myanmar (% pa) | 7.00 2024 | yearly | 1986 - 2024 |
| Nepal (% pa) | 6.50 Feb 2025 | monthly | Jul 2003 - Feb 2025 |
| Netherlands (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| New Zealand (% pa) | 5.50 May 2023 | monthly | Mar 1999 - May 2023 |
| Nigeria (% pa) | 27.50 Feb 2025 | monthly | Dec 2006 - Feb 2025 |
| Norway (% pa) | 4.50 Feb 2025 | monthly | Jan 1991 - Feb 2025 |
| Oman (% pa) | 5.00 Feb 2025 | monthly | May 2007 - Feb 2025 |
| Pakistan (% pa) | 13.00 Feb 2025 | monthly | Feb 1992 - Feb 2025 |
| Paraguay (% pa) | 6.00 Feb 2025 | monthly | Jul 2010 - Feb 2025 |
| Peru (% pa) | 4.75 Feb 2025 | monthly | Sep 2003 - Feb 2025 |
| Philippines (% pa) | 7.00 May 2024 | monthly | Jun 2016 - May 2024 |
| Poland (% pa) | 5.75 Feb 2025 | monthly | Jan 2005 - Feb 2025 |
| Portugal (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Qatar (% pa) | 5.10 Feb 2025 | monthly | Mar 2003 - Feb 2025 |
| Romania (% pa) | 6.50 Feb 2025 | monthly | Jan 2003 - Feb 2025 |
| Russia (% pa) | 21.00 Feb 2025 | monthly | Sep 2013 - Feb 2025 |
| Saudi Arabia (% pa) | 5.00 Feb 2025 | monthly | Jan 2000 - Feb 2025 |
| Serbia (% pa) | 5.75 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Singapore (% pa) | 4.00 Jun 2023 | monthly | Jul 2005 - Jun 2023 |
| Slovakia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Slovenia (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| South Africa (% pa) | 7.50 Feb 2025 | monthly | Nov 1999 - Feb 2025 |
| Spain (% pa) | 2.90 Feb 2025 | monthly | Jan 1999 - Feb 2025 |
| Sri Lanka (% pa) | 7.50 Feb 2025 | monthly | Jan 1997 - Feb 2025 |
| Sweden (% pa) | 2.25 Feb 2025 | monthly | Jan 1987 - Feb 2025 |
| Switzerland (% pa) | 0.43 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Syria (% pa) | 5.00 Dec 2024 | monthly | Jan 1962 - Dec 2024 |
| Taiwan (% pa) | 2.00 Feb 2025 | monthly | Jul 1961 - Feb 2025 |
| Tajikistan (% pa) | 8.75 Feb 2025 | monthly | Jun 1995 - Feb 2025 |
| Thailand (% pa) | 2.00 Feb 2025 | monthly | May 2000 - Feb 2025 |
| Tunisia (% pa) | 8.00 Feb 2025 | monthly | Jan 2000 - Feb 2025 |
| Turkey (% pa) | 45.00 Feb 2025 | monthly | Jun 1996 - Feb 2025 |
| Ukraine (% pa) | 14.50 Feb 2025 | monthly | Dec 1992 - Feb 2025 |
| United Arab Emirates (% pa) | 4.40 Feb 2025 | monthly | Nov 2007 - Feb 2025 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doNepal 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) | -271.398 Dec 2024 | quarterly | Mar 2017 - Dec 2024 |
| Tax Revenue (USD mn) | 944,554.686 Jun 2024 | quarterly | Jun 2019 - Jun 2024 |
| 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) | 2,481.360 2029 | yearly | 2000 - 2029 |
| Forecast: Government Net Debt (NPR bn) | 4,641.672 2029 | yearly | 2000 - 2029 |
| Forecast: Government Revenue (NPR bn) | 2,220.299 2029 | yearly | 2000 - 2029 |
| Government Debt: External (NPR mn) | 934,695.200 2021 | yearly | 1999 - 2021 |
| Government Debt: Total (NPR mn) | 1,735,015.267 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) | -992.9 Feb 2025 | monthly | Aug 1974 - Feb 2025 |
| Total Exports (USD mn) | 204.7 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Total Exports Growth (%) | 139.5 Feb 2025 | monthly | Aug 2004 - Feb 2025 |
| Aluminum: Exports (USD th) | 570.142 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 9,980.716 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,557.101 2023 | yearly | 1996 - 2023 |
| Total Imports (USD mn) | 1,197.6 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Total Imports Growth (%) | 28.1 Feb 2025 | monthly | Aug 2004 - Feb 2025 |
| Imports: Medicament (USD th) | 175,698.810 2023 | yearly | 1998 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 217,440.422 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 8.987 Nov 2024 | monthly | Sep 1983 - Nov 2024 |
| Total Imports from USA (USD mn) | 24.224 Nov 2024 | monthly | Jan 1981 - Nov 2024 |
| Total Exports to China (USD mn) | 0.662 Feb 2025 | monthly | Apr 2013 - Feb 2025 |
| Total Imports from China (USD mn) | 229.922 Feb 2025 | monthly | Apr 2013 - Feb 2025 |
| Exports: fob: Custom Basis: Other Countries (NPR mn) | 4,027.373 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Exports: fob: Custom Basis (NPR mn) | 28,415.582 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Exports: fob: Custom Basis: India (NPR mn) | 24,296.349 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Exports: fob: Custom Basis: China (NPR mn) | 91.860 Feb 2025 | monthly | Apr 2013 - Feb 2025 |
| Imports: cif: Custom Basis: China (NPR mn) | 31,911.531 Feb 2025 | monthly | Apr 2013 - Feb 2025 |
| Trade Balance: Custom Basis (NPR mn) | -137,801.572 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Imports: cif: Custom Basis: India (NPR mn) | 93,501.077 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Imports: cif: Custom Basis (NPR mn) | 166,217.154 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Imports: cif: Custom Basis: Other Countries (NPR mn) | 40,804.546 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Exports: Chemicals (NPR mn) | 593.700 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Miscellaneous Manufactures Articles (NPR mn) | 1,703.300 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Manufactured Goods Classified by Materials (NPR mn) | 6,315.200 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Food & Live Animals (NPR mn) | 2,842.800 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Crude Materials Inedible: Except Fuel (NPR mn) | 424.600 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Food & Live Animals (NPR mn) | 13,594.600 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Manufactured Goods Classified by Materials (NPR mn) | 25,919.000 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Machinery & Transport Equipments (NPR mn) | 26,814.500 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Mineral Fuels, Lubricants & Related Minerals (NPR mn) | 23,658.300 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Chemicals (NPR mn) | 16,090.400 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Export Volume Index (2015=100) | 171.601 2021 | yearly | 2000 - 2021 |
| Import Value Index (2015=100) | 238.930 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 187.157 2021 | yearly | 2000 - 2021 |
| Export Value Index (2015=100) | 233.718 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 267.8 Jan 2025 | quarterly | Oct 2000 - Jan 2025 |
| Current Account Balance: % of GDP (%) | 3.9 2024 | yearly | 2001 - 2024 |
| Foreign Direct Investment (USD mn) | 11.8 Jan 2025 | quarterly | Oct 2000 - Jan 2025 |
| Foreign Direct Investment: % of GDP (%) | 0.1 2024 | yearly | 2001 - 2024 |
| External Debt (USD mn) | 10,519.7 Sep 2024 | quarterly | Mar 2012 - Sep 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) | -2.523 2029 | yearly | 1980 - 2029 |
| Net International Investment Position (USD mn) | 1,716.243 Jun 2024 | quarterly | Dec 2012 - Jun 2024 |
| NP: BoP: Financial Account: Portfolio Investment: Assets (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
| 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 |
| BoP: Capital Account (NPR mn) | 1,036.240 Jul 2024 | quarterly | Oct 2000 - Jul 2024 |
| BoP: Financial Account (NPR mn) | 63,943.939 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 |
| 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) | 7,065.570 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Money Supply M2 (USD mn) | 52,391.192 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| M2 Growth (%) | 10.1 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Reserve Requirement Ratio (%) | 4.0 Feb 2025 | monthly | Jul 2003 - Feb 2025 |
| Foreign Exchange Reserves (USD mn) | 15,152.6 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.000 Feb 2025 | monthly | Jul 2003 - Feb 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 12.7 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Gold Reserves (USD mn) | 744.291 Feb 2025 | monthly | Jul 1957 - Feb 2025 |
| Total Deposits (USD mn) | 39,987.497 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Total Deposits Growth (%) | 2.3 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Domestic Credit (USD mn) | 47,894.1 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Domestic Credit Growth (%) | 4.3 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Total Loans (USD mn) | 34,435.905 Jul 2024 | monthly | Jan 2001 - Jul 2024 |
| Total Loans Growth (%) | 6.13 Jul 2024 | monthly | Jan 2002 - Jul 2024 |
| Private Debt: % of Nominal GDP (%) | 74.44 2024 | yearly | 2003 - 2024 |
| Monetary Survey: Domestic Credits (DO) (NPR mn) | 6,653,922.374 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Monetary Survey: Narrow Money M1 (NPR mn) | 981,619.612 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Monetary Survey: Broad Money M2 (NPR mn) | 7,278,708.287 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| Foreign Reserve (USD mn) | 16,086.766 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Commercial Banks: Loans & Advances (NPR mn) | 1,945,068.90 Jan 2018 | monthly | Jan 2001 - Jan 2018 |
| Commercial Banks: Deposits exclude Interbank (NPR mn) | 5,555,462.921 Feb 2025 | monthly | Jan 2001 - Feb 2025 |
| CB: NPL (NPR mn) | 27,174.060 2015 | yearly | 2003 - 2015 |
More Indicators for Nepal
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.