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 6.00 % pa in Sep 2025, compared with 6.00 % pa in the previous Aug 2025.
- Nepal Policy Rate averaged 8.00 % pa and is updated monthly, available from Jul 2003 to Sep 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 2.13 % pa in Sep 2025.
- Its Long Term Interest Rate (Long Term Interest Rate: Month End: Nepal: Government Bond Yield: 5 Years) was reported at 7.00 % pa in Oct 2025.
- Nepal Exchange Rate against USD averaged 140.64 (USD/NPR) in Sep 2025.
View Nepal's Policy Rate from Jul 2003 to Sep 2025 in the chart:
What was Nepal's Policy Rate in Sep 2025?
Nepal cash rate (Policy Rate: Month End: Bank Rate) was set at 6.00 % pa in Sep 2025, compared with 6.00 % pa in the previous Aug 2025. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 6.00 Sep 2025 | 6.00 Aug 2025 | 5.00 Feb 2022 | 8.50 May 2023 | % pa | monthly | Jul 2003 - Sep 2025 |
Policy Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (% pa) | 2.50 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Algeria (% pa) | 2.75 Nov 2025 | monthly | Jan 1963 - Nov 2025 |
| Argentina (%) | 37.49 Oct 2025 | monthly | Jan 1985 - Oct 2025 |
| Armenia (% pa) | 6.75 Nov 2025 | monthly | May 2001 - Nov 2025 |
| Australia (% pa) | 3.60 Nov 2025 | monthly | Aug 1990 - Nov 2025 |
| Austria (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Azerbaijan (% pa) | 7.00 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Bahrain (% pa) | 4.75 Nov 2025 | monthly | Jan 2007 - Nov 2025 |
| Bangladesh (% pa) | 10.00 Oct 2025 | monthly | Sep 2009 - Oct 2025 |
| Belarus (% pa) | 9.75 Nov 2025 | monthly | Jul 1991 - Nov 2025 |
| Belgium (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Bolivia (% pa) | 3.21 Nov 2025 | monthly | Jan 2013 - Nov 2025 |
| Botswana (% pa) | 3.75 Apr 2022 | monthly | Aug 1976 - Apr 2022 |
| Brazil (% pa) | 15.00 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Bulgaria (% pa) | 1.81 Dec 2025 | monthly | Feb 1991 - Dec 2025 |
| Canada (% pa) | 2.25 Oct 2025 | monthly | Dec 1992 - Oct 2025 |
| Chile (% pa) | 4.75 Nov 2025 | monthly | May 1995 - Nov 2025 |
| China (% pa) | 1.40 Nov 2025 | monthly | May 2012 - Nov 2025 |
| Colombia (% pa) | 9.25 Nov 2025 | monthly | Apr 1995 - Nov 2025 |
| Croatia (% pa) | 3.00 Dec 2022 | monthly | Dec 1992 - Dec 2022 |
| Cyprus (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Czech Republic (% pa) | 2.50 Nov 2025 | monthly | Jan 1993 - Nov 2025 |
| Denmark (% pa) | 1.60 Nov 2025 | monthly | Aug 1914 - Nov 2025 |
| Ecuador (% pa) | 7.76 Dec 2025 | monthly | Jul 1995 - Dec 2025 |
| Egypt (% pa) | 21.50 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Estonia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| European Union (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Finland (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| France (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Georgia (% pa) | 8.00 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Germany (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Ghana (% pa) | 25.00 Nov 2025 | monthly | Nov 2002 - Nov 2025 |
| Greece (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Hong Kong SAR, China (% pa) | 4.25 Oct 2025 | monthly | Jun 1992 - Oct 2025 |
| Hungary (% pa) | 6.50 Nov 2025 | monthly | Oct 1990 - Nov 2025 |
| Iceland (% pa) | 8.00 Nov 2025 | monthly | Jan 1994 - Nov 2025 |
| India (% pa) | 5.50 Nov 2025 | monthly | Apr 2001 - Nov 2025 |
| Indonesia (% pa) | 4.75 Nov 2025 | monthly | Jun 2015 - Nov 2025 |
| Ireland (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Israel (% pa) | 4.25 Nov 2025 | monthly | Dec 1998 - Nov 2025 |
| Italy (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Ivory Coast (% pa) | 2.50 Mar 2017 | monthly | Jan 1964 - Mar 2017 |
| Japan (% pa) | 0.50 Nov 2025 | monthly | Mar 2006 - Nov 2025 |
| Jordan (% pa) | 7.00 Nov 2025 | monthly | Dec 1965 - Nov 2025 |
| Kazakhstan (% pa) | 18.00 Nov 2025 | monthly | Feb 1992 - Nov 2025 |
| Kenya (% pa) | 9.25 Nov 2025 | monthly | Jul 2003 - Nov 2025 |
| South Korea (% pa) | 2.50 Nov 2025 | monthly | May 1999 - Nov 2025 |
| Kosovo (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Kuwait (% pa) | 3.75 Nov 2025 | monthly | Jul 1999 - Nov 2025 |
| Kyrgyzstan (% pa) | 11.00 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Laos (% pa) | 8.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| Latvia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Lebanon (% pa) | 20.00 Sep 2025 | monthly | Apr 1964 - Sep 2025 |
| Lithuania (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Luxembourg (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Macau SAR, China (% pa) | 4.25 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| North Macedonia (% pa) | 5.35 Oct 2025 | monthly | Jan 2002 - Oct 2025 |
| Malawi (% pa) | 26.00 Nov 2025 | monthly | Jan 1980 - Nov 2025 |
| Malaysia (% pa) | 2.75 Nov 2025 | monthly | Apr 2004 - Nov 2025 |
| Malta (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Mauritius (% pa) | 4.50 Nov 2025 | monthly | Dec 1999 - Nov 2025 |
| Mexico (% pa) | 7.25 Nov 2025 | monthly | Jan 2008 - Nov 2025 |
| Moldova (% pa) | 6.00 Nov 2025 | monthly | Feb 2001 - Nov 2025 |
| Mongolia (% pa) | 12.00 Nov 2025 | monthly | Jul 2007 - Nov 2025 |
| Montenegro (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Morocco (% pa) | 2.25 Nov 2025 | monthly | Jun 1995 - Nov 2025 |
| Myanmar (% pa) | 9.00 2025 | yearly | 1986 - 2025 |
| Nepal (% pa) | 6.00 Sep 2025 | monthly | Jul 2003 - Sep 2025 |
| Netherlands (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| New Zealand (% pa) | 2.25 Nov 2025 | monthly | Mar 1999 - Nov 2025 |
| Nigeria (% pa) | 27.00 Nov 2025 | monthly | Jan 2006 - Nov 2025 |
| Norway (% pa) | 4.00 Nov 2025 | monthly | Jan 1991 - Nov 2025 |
| Oman (% pa) | 4.50 Nov 2025 | monthly | May 2007 - Nov 2025 |
| Pakistan (% pa) | 12.00 Nov 2025 | monthly | Feb 1992 - Nov 2025 |
| Paraguay (% pa) | 6.00 Nov 2025 | monthly | Jul 2010 - Nov 2025 |
| Peru (% pa) | 4.25 Nov 2025 | monthly | Sep 2003 - Nov 2025 |
| Philippines (% pa) | 5.25 Nov 2025 | monthly | Jun 2016 - Nov 2025 |
| Poland (% pa) | 4.25 Nov 2025 | monthly | Jan 2005 - Nov 2025 |
| Portugal (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Qatar (% pa) | 4.60 Nov 2025 | monthly | Mar 2003 - Nov 2025 |
| Romania (% pa) | 6.50 Nov 2025 | monthly | Jan 2003 - Nov 2025 |
| Russia (% pa) | 16.50 Nov 2025 | monthly | Sep 2013 - Nov 2025 |
| Saudi Arabia (% pa) | 4.50 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Serbia (% pa) | 5.75 Nov 2025 | monthly | Jan 2001 - Nov 2025 |
| Singapore (% pa) | 1.05 Nov 2025 | monthly | Jul 2005 - Nov 2025 |
| Slovakia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Slovenia (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| South Africa (% pa) | 6.75 Nov 2025 | monthly | Nov 1999 - Nov 2025 |
| Spain (% pa) | 2.15 Nov 2025 | monthly | Jan 1999 - Nov 2025 |
| Sri Lanka (% pa) | 7.25 Nov 2025 | monthly | Jan 1997 - Nov 2025 |
| Sweden (% pa) | 1.75 Nov 2025 | monthly | Jan 1987 - Nov 2025 |
| Switzerland (% pa) | -0.04 Nov 2025 | monthly | Jun 1999 - Nov 2025 |
| Syria (% pa) | 5.00 Sep 2025 | monthly | Jan 1962 - Sep 2025 |
| Taiwan (% pa) | 2.00 Nov 2025 | monthly | Jul 1961 - Nov 2025 |
| Tajikistan (% pa) | 7.50 Nov 2025 | monthly | Jun 1995 - Nov 2025 |
| Thailand (% pa) | 1.50 Nov 2025 | monthly | May 2000 - Nov 2025 |
| Tunisia (% pa) | 7.50 Nov 2025 | monthly | Jan 2000 - Nov 2025 |
| Turkey (% pa) | 39.50 Nov 2025 | monthly | Jun 1996 - Nov 2025 |
| Ukraine (% pa) | 15.50 Nov 2025 | monthly | Dec 1992 - Nov 2025 |
| United Arab Emirates (% pa) | 3.90 Nov 2025 | monthly | Nov 2007 - Nov 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) | -1,365.374 Jun 2025 | quarterly | Mar 2017 - Jun 2025 |
| Tax Revenue (USD mn) | 1,049,875.353 Jun 2025 | quarterly | Jun 2019 - Jun 2025 |
| 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) | 2,604.728 2030 | yearly | 2000 - 2030 |
| Forecast: Government Net Debt (NPR bn) | 4,815.645 2030 | yearly | 2000 - 2030 |
| Forecast: Government Revenue (NPR bn) | 2,282.135 2030 | yearly | 2000 - 2030 |
| Government Debt: Total (NPR mn) | 1,735,015.267 2021 | yearly | 1999 - 2021 |
| Government Debt: External (NPR mn) | 934,695.200 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) | -1,007.4 Sep 2025 | monthly | Aug 1974 - Sep 2025 |
| Total Exports (USD mn) | 249.5 Sep 2025 | monthly | Aug 2003 - Sep 2025 |
| Total Exports Growth (%) | 172.7 Sep 2025 | monthly | Aug 2004 - Sep 2025 |
| Aluminum: Exports (USD th) | 2,069.671 2024 | yearly | 1995 - 2024 |
| Exports: Medicament (USD th) | 11,731.470 2024 | yearly | 1995 - 2024 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 2,069.949 2024 | yearly | 1996 - 2024 |
| Total Imports (USD mn) | 1,256.9 Sep 2025 | monthly | Aug 2003 - Sep 2025 |
| Total Imports Growth (%) | 31.8 Sep 2025 | monthly | Aug 2004 - Sep 2025 |
| Imports: Medicament (USD th) | 210,184.160 2024 | yearly | 1998 - 2024 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 297,733.053 2024 | yearly | 1995 - 2024 |
| Total Exports to USA (USD mn) | 13.769 Jul 2025 | monthly | Sep 1983 - Jul 2025 |
| Total Imports from USA (USD mn) | 6.602 Jul 2025 | monthly | Jan 1981 - Jul 2025 |
| Total Exports to China (USD mn) | -0.243 Sep 2025 | monthly | Apr 2013 - Sep 2025 |
| Total Imports from China (USD mn) | 288.922 Sep 2025 | monthly | Apr 2013 - Sep 2025 |
| Exports: fob: Custom Basis: Other Countries (NPR mn) | 4,027.373 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: China (NPR mn) | 31,911.531 Feb 2025 | monthly | Apr 2013 - Feb 2025 |
| Exports: fob: Custom Basis: China (NPR mn) | 91.860 Feb 2025 | monthly | Apr 2013 - Feb 2025 |
| Exports: fob: Custom Basis: India (NPR mn) | 24,296.349 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: fob: Custom Basis (NPR mn) | 28,415.582 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Trade Balance: Custom Basis (NPR mn) | -137,801.572 Feb 2025 | monthly | Aug 2003 - Feb 2025 |
| Exports: Miscellaneous Manufactures Articles (NPR mn) | 1,703.300 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Crude Materials Inedible: Except Fuel (NPR mn) | 424.600 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Chemicals (NPR mn) | 593.700 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Exports: Food & Live Animals (NPR mn) | 2,842.800 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 |
| 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: Manufactured Goods Classified by Materials (NPR mn) | 25,919.000 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Chemicals (NPR mn) | 16,090.400 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Imports: Food & Live Animals (NPR mn) | 13,594.600 Oct 2024 | monthly | Aug 2003 - Oct 2024 |
| Export Volume Index (2015=100) | 171.601 2021 | yearly | 2000 - 2021 |
| Import Volume Index (2015=100) | 187.157 2021 | yearly | 2000 - 2021 |
| Export Value Index (2015=100) | 233.718 2021 | yearly | 1980 - 2021 |
| Import Value Index (2015=100) | 238.930 2021 | yearly | 1980 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 1,453.6 Jul 2025 | quarterly | Oct 2000 - Jul 2025 |
| Current Account Balance: % of GDP (%) | 6.7 2025 | yearly | 2001 - 2025 |
| Foreign Direct Investment (USD mn) | 9.8 Jul 2025 | quarterly | Oct 2000 - Jul 2025 |
| Foreign Direct Investment: % of GDP (%) | 0.1 2025 | yearly | 2001 - 2025 |
| 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) | 417.5 2023 | yearly | 1977 - 2023 |
| Forecast: Current Account Balance (USD bn) | -2.501 2030 | yearly | 1980 - 2030 |
| Net International Investment Position (USD mn) | 3,934.074 Mar 2025 | quarterly | Dec 2012 - Mar 2025 |
| NP: BoP: Financial Account: Portfolio Investment: Liabilities (USD mn) | 0.000 Jun 2020 | quarterly | Mar 1977 - Jun 2020 |
| 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 |
| BoP: Financial Account: Direct Investment in Nepal (NPR mn) | 1,919.110 Jul 2024 | quarterly | Oct 2000 - Jul 2024 |
| 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 |
| 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) | 7,507.880 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Money Supply M2 (USD mn) | 55,776.471 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| M2 Growth (%) | 12.4 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Reserve Requirement Ratio (%) | 4.0 Sep 2025 | monthly | Jul 2003 - Sep 2025 |
| Foreign Exchange Reserves (USD mn) | 18,296.6 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.000 Sep 2025 | monthly | Jul 2003 - Sep 2025 |
| Foreign Exchange Reserves: Months of Import (NA) | 14.6 Sep 2025 | monthly | Aug 2003 - Sep 2025 |
| Gold Reserves (USD mn) | 935.658 Sep 2025 | monthly | Jul 1957 - Sep 2025 |
| Total Deposits (USD mn) | 42,846.686 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Total Deposits Growth (%) | 4.5 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Domestic Credit (USD mn) | 48,933.1 Sep 2025 | monthly | Jan 2001 - Sep 2025 |
| Domestic Credit Growth (%) | 5.5 Sep 2025 | monthly | Jan 2002 - Sep 2025 |
| Total Loans (USD mn) | 36,319.925 Jul 2025 | monthly | Jan 2001 - Jul 2025 |
| Total Loans Growth (%) | 8.34 Jul 2025 | monthly | Jan 2002 - Jul 2025 |
| Private Debt: % of Nominal GDP (%) | 74.44 2024 | yearly | 2003 - 2024 |
| Monetary Survey: Broad Money M2 (NPR mn) | 7,278,708.287 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: Domestic Credits (DO) (NPR mn) | 6,653,922.374 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
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