Nepal Short Term Interest Rate

1993 - 2024 | Monthly | % pa | Nepal Rastra Bank

Key information about Nepal Short Term Interest Rate

  • Nepal Discount Rate: Treasury Bill: 91 Days was reported at 3.02 % pa in Mar 2024, compared with 3.34 % pa in the previous month.
  • Nepal Short Term Interest Rate data is updated monthly, available from Feb 1993 to Mar 2024.
  • The data reached an all-time high of 12.88 % pa in Jun 1996 and a record low of 0.00 % pa in Aug 2014.
  • Short Term Interest Rate is reported by reported by Nepal Rastra Bank.

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 Short Term Interest Rate

  • In the latest reports, Nepal Long Term Interest Rate: Month End: Nepal: Government Bond Yield: 5 Years was reported at 9.00 % pa in Feb 2024.
  • The cash rate (Policy Rate: Month End: Bank Rate) was set at 7.00 % pa in Mar 2024.
  • Nepal Exchange Rate against USD averaged 131.10 (USD/NPR) in May 2023.

View Nepal's Short Term Interest Rate from Feb 1993 to Mar 2024 in the chart:

Nepal Short Term Interest Rate

What was Nepal's Short Term Interest Rate in Mar 2024?

Nepal Discount Rate: Treasury Bill: 91 Days was reported at 3.02 % pa in Mar 2024, compared with 3.34 % pa in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.02 Mar 2024 3.34 Feb 2024 0.00 Aug 2014 12.88 Jun 1996 % pa monthly Feb 1993 - Mar 2024

Short Term Interest Rate by Country Comparison

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country/region Last Frequency Range
Albania (% pa) 3.09 Jan 2024 monthly Jan 2002 - Jan 2024
Algeria (% pa) 3.14 Dec 2022 monthly Jun 2006 - Dec 2022
Argentina (% pa) 31.80 Jul 2021 monthly Jan 1999 - Jul 2021
Armenia (% pa) 11.20 Jan 2023 monthly Jan 2000 - Jan 2023
Australia (% pa) 4.33 Mar 2024 monthly Jun 1969 - Mar 2024
Austria (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Azerbaijan (% pa) 7.50 Feb 2024 monthly Dec 2002 - Feb 2024
Bahrain (% pa) 5.39 Dec 2023 quarterly Jun 2003 - Dec 2023
Bangladesh (% pa) 6.63 May 2023 monthly Sep 2003 - May 2023
Belarus (% pa) 11.50 Mar 2024 monthly Apr 2003 - Mar 2024
Belgium (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Bolivia (% pa) 5.90 Sep 2023 monthly Jan 1998 - Sep 2023
Botswana (% pa) -0.30 Feb 2024 monthly Jan 2003 - Feb 2024
Bulgaria (% pa) -0.05 Jun 2018 monthly Feb 2003 - Jun 2018
Cambodia (% pa) 0.00 Mar 2024 monthly Dec 2016 - Mar 2024
Canada (% pa) 4.99 Mar 2024 monthly Jan 1993 - Mar 2024
China (% pa) 2.16 Mar 2024 monthly Oct 2006 - Mar 2024
Colombia (% pa) 13.02 Jun 2023 monthly Jan 1986 - Jun 2023
Croatia (% pa) 0.39 Dec 2019 monthly Sep 2002 - Dec 2019
Cyprus (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Czech Republic (% pa) 5.61 Mar 2024 monthly Apr 1992 - Mar 2024
Denmark (% pa) -0.43 Sep 2019 monthly Jun 1988 - Sep 2019
Ecuador (% pa) 4.64 May 2023 monthly Apr 2000 - May 2023
Egypt (% pa) 21.18 Feb 2024 monthly Jan 2001 - Feb 2024
Estonia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
European Union (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Finland (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
France (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Georgia (% pa) 8.00 Mar 2024 monthly Feb 2008 - Mar 2024
Germany (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Ghana (% pa) 26.35 Aug 2023 monthly Aug 1996 - Aug 2023
Greece (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Hong Kong SAR, China (% pa) 4.72 Mar 2024 monthly Jul 1996 - Mar 2024
Hungary (% pa) 7.83 Mar 2024 monthly Aug 1996 - Mar 2024
Iceland (% pa) 9.80 Feb 2024 monthly Aug 1998 - Feb 2024
India (% pa) 7.14 May 2023 monthly Sep 2015 - May 2023
Indonesia (% pa) 6.76 May 2023 monthly Dec 1995 - May 2023
Ireland (% pa) 1.72 Dec 2021 monthly Dec 1998 - Dec 2021
Israel (% pa) 4.35 Mar 2024 monthly Mar 2007 - Mar 2024
Italy (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Japan (% pa) 0.26 Mar 2024 monthly Jan 1997 - Mar 2024
Jordan (% pa) 8.34 Mar 2024 monthly Aug 2005 - Mar 2024
Kazakhstan (% pa) 10.50 Nov 2020 monthly Jul 2000 - Nov 2020
Kenya (% pa) 16.14 Jan 2024 monthly Jul 1991 - Jan 2024
South Korea (% pa) 3.64 Mar 2024 monthly Jul 2004 - Mar 2024
Kosovo (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Kuwait (% pa) 4.31 Mar 2024 monthly Nov 2001 - Mar 2024
Latvia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Lebanon (% pa) 120.00 Jul 2023 monthly Mar 1972 - Jul 2023
Lithuania (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Luxembourg (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Macau SAR, China (% pa) 4.97 Jun 2023 monthly Jun 1988 - Jun 2023
North Macedonia (% pa) 4.55 Mar 2024 monthly Jul 2007 - Mar 2024
Malawi (% pa) 14.70 Jan 2024 monthly Jan 1983 - Jan 2024
Malaysia (% pa) 3.59 Mar 2024 monthly Jan 1988 - Mar 2024
Malta (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Mauritius (% pa) 0.00 Feb 2024 monthly Apr 1998 - Feb 2024
Mexico (% pa) 11.45 Mar 2024 monthly Jan 1997 - Mar 2024
Moldova (% pa) 8.34 Mar 2024 monthly Dec 2005 - Mar 2024
Montenegro (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Morocco (% pa) 3.01 Mar 2024 monthly Jan 1995 - Mar 2024
Mozambique (% pa) 17.62 Mar 2024 monthly Nov 2005 - Mar 2024
Myanmar (% pa) 4.00 2023 yearly 1986 - 2023
Nepal (% pa) 3.02 Mar 2024 monthly Feb 1993 - Mar 2024
Netherlands (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
New Zealand (% pa) 5.71 Jun 2023 monthly Jan 1985 - Jun 2023
Nigeria (% pa) 25.10 Mar 2024 monthly Jan 2010 - Mar 2024
Norway (% pa) 1.77 Jan 2020 monthly Jan 1986 - Jan 2020
Oman (% pa) 0.00 Jan 2024 monthly Jan 2004 - Jan 2024
Pakistan (% pa) 22.91 Jun 2023 monthly Nov 2004 - Jun 2023
Panama (% pa) 5.23 Feb 2024 monthly Jan 2006 - Feb 2024
Philippines (% pa) 5.74 Mar 2024 monthly Jan 1975 - Mar 2024
Poland (% pa) 5.88 Mar 2024 monthly Jan 1999 - Mar 2024
Portugal (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Qatar (% pa) 6.00 Feb 2024 monthly Jul 2004 - Feb 2024
Romania (% pa) 6.06 Mar 2024 monthly Aug 1995 - Mar 2024
Russia (% pa) 9.71 Jul 2023 monthly Aug 2000 - Jul 2023
Saudi Arabia (% pa) 6.24 Feb 2024 monthly Jan 2007 - Feb 2024
Serbia (% pa) 5.69 Mar 2024 monthly Aug 2005 - Mar 2024
Singapore (% pa) 4.06 Feb 2024 monthly Oct 1995 - Feb 2024
Slovakia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Slovenia (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
South Africa (% pa) 8.48 Mar 2024 monthly Dec 1980 - Mar 2024
Spain (% pa) -0.57 Nov 2021 monthly Dec 1998 - Nov 2021
Sri Lanka (% pa) 6.96 Jun 2020 monthly Jul 2000 - Jun 2020
Sweden (% pa) 0.03 Jul 2020 monthly Jan 1987 - Jul 2020
Switzerland (% pa) 1.50 Mar 2024 monthly Jul 1999 - Mar 2024
Taiwan (% pa) 1.49 Feb 2024 monthly Oct 2005 - Feb 2024
Thailand (% pa) 2.65 Mar 2024 monthly Jan 2005 - Mar 2024
Turkey (% pa) 16.01 Jun 2022 monthly Aug 2002 - Jun 2022
Ukraine (% pa) 4.33 Feb 2024 monthly Jan 2006 - Feb 2024
United Arab Emirates (% pa) 5.10 Mar 2024 monthly Oct 2009 - Mar 2024
United Kingdom (% pa) 0.09 Apr 2021 monthly Jan 1986 - Apr 2021
United States (% pa) 5.23 Mar 2024 monthly Jan 1954 - Mar 2024
Uruguay (% pa) 9.14 Mar 2024 monthly Sep 2002 - Mar 2024
Venezuela (% pa) 43.78 Jun 2023 monthly Jan 1998 - Jun 2023
Vietnam (% pa) 3.29 Mar 2024 monthly Jul 2004 - Mar 2024
Yemen (% pa) 16.07 Jan 2015 monthly Dec 1995 - Jan 2015
Zambia (% pa) 10.10 Apr 2023 monthly Jan 2006 - Apr 2023

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Nepal Key Series

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Includes 147 key indicators for Nepal, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -10.0 2018 yearly 2012 - 2018
Consolidated Fiscal Balance (USD mn) -236.645 Dec 2023 quarterly Mar 2017 - Dec 2023
Tax Revenue (USD mn) 1,888.894 Jun 2018 quarterly Sep 1997 - Jun 2018
Tax Revenue: % of GDP (%) 19.1 2018 yearly 2001 - 2018
National Government Debt (USD mn) 9,555.9 2019 yearly 1990 - 2019
Government Debt: % of GDP (%) 27.2 2019 yearly 1990 - 2019
Forecast: Government Expenditure (NPR bn) 2,379.830 2028 yearly 2000 - 2028
Forecast: Government Net Debt (NPR bn) 4,546.540 2028 yearly 2000 - 2028
Forecast: Government Revenue (NPR bn) 2,119.540 2028 yearly 2000 - 2028
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) -893.2 Mar 2024 monthly Aug 1974 - Mar 2024
Total Exports (USD mn) 103.9 Mar 2024 monthly Aug 2003 - Mar 2024
Total Exports Growth (%) 21.3 Mar 2024 monthly Aug 2004 - Mar 2024
Aluminum: Exports (USD th) 607.627 2022 yearly 1999 - 2022
Exports: Medicament (USD th) 8,273.612 2022 yearly 1998 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 1,177.188 2022 yearly 1996 - 2022
Total Imports (USD mn) 997.1 Mar 2024 monthly Aug 2003 - Mar 2024
Total Imports Growth (%) -5.0 Mar 2024 monthly Aug 2004 - Mar 2024
Imports: Medicament (USD th) 190,021.631 2022 yearly 1998 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 126,408.315 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 8.935 Dec 2023 monthly Sep 1983 - Dec 2023
Total Imports from USA (USD mn) 12.589 Dec 2023 monthly Jan 1981 - Dec 2023
Total Exports to China (USD mn) 0.718 Mar 2024 monthly Apr 2013 - Mar 2024
Total Imports from China (USD mn) 164.198 Mar 2024 monthly Apr 2013 - Mar 2024
Exports: fob: Custom Basis (NPR mn) 13,786.533 Mar 2024 monthly Aug 2003 - Mar 2024
Exports: fob: Custom Basis: Other Countries (NPR mn) 3,901.226 Mar 2024 monthly Aug 2003 - Mar 2024
Imports: cif: Custom Basis (NPR mn) 132,278.800 Mar 2024 monthly Aug 2003 - Mar 2024
Trade Balance: Custom Basis (NPR mn) -118,492.268 Mar 2024 monthly Aug 2003 - Mar 2024
Imports: cif: Custom Basis: India (NPR mn) 83,418.887 Mar 2024 monthly Aug 2003 - Mar 2024
Imports: cif: Custom Basis: Other Countries (NPR mn) 27,076.669 Mar 2024 monthly Aug 2003 - Mar 2024
Exports: fob: Custom Basis: India (NPR mn) 9,789.992 Mar 2024 monthly Aug 2003 - Mar 2024
Exports: fob: Custom Basis: China (NPR mn) 95.315 Mar 2024 monthly Apr 2013 - Mar 2024
Imports: cif: Custom Basis: China (NPR mn) 21,783.245 Mar 2024 monthly Apr 2013 - Mar 2024
Exports: Manufactured Goods Classified by Materials (NPR mn) 7,594.678 Oct 2023 monthly Aug 2003 - Oct 2023
Exports: Chemicals (NPR mn) 660.089 Oct 2023 monthly Aug 2003 - Oct 2023
Exports: Crude Materials Inedible: Except Fuel (NPR mn) 443.513 Oct 2023 monthly Aug 2003 - Oct 2023
Exports: Miscellaneous Manufactures Articles (NPR mn) 1,747.081 Oct 2023 monthly Aug 2003 - Oct 2023
Exports: Food & Live Animals (NPR mn) 3,109.829 Oct 2023 monthly Aug 2003 - Oct 2023
Balance of Payments Last Frequency Range
Current Account Balance (USD mn) 769.7 Jan 2024 quarterly Oct 2000 - Jan 2024
Current Account Balance: % of GDP (%) -1.3 2023 yearly 2001 - 2023
Foreign Direct Investment (USD mn) 8.7 Jan 2024 quarterly Oct 2000 - Jan 2024
Foreign Direct Investment: % of GDP (%) 0.1 2023 yearly 2001 - 2023
External Debt (USD mn) 9,585.8 Sep 2023 quarterly Mar 2012 - Sep 2023
External Debt: % of GDP (%) 17.3 2016 yearly 2001 - 2016
External Debt: Short Term (USD mn) 335.0 2021 yearly 1977 - 2021
Forecast: Current Account Balance (USD bn) -2.490 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -2,408.328 Jun 2022 quarterly Dec 2012 - Jun 2022
NP: BoP: Financial Account: Portfolio Investment (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: Liabilities (USD mn) 0.000 Jun 2020 quarterly Mar 1977 - Jun 2020
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) 7,188.293 Mar 2024 monthly Jan 2001 - Mar 2024
Money Supply M2 (USD mn) 50,137.735 Mar 2024 monthly Jan 2001 - Mar 2024
M2 Growth (%) 14.0 Mar 2024 monthly Jan 2002 - Mar 2024
Reserve Requirement Ratio (%) 4.0 Mar 2024 monthly Jul 2003 - Mar 2024
Foreign Exchange Reserves (USD mn) 12,413.6 Mar 2024 monthly Jan 2002 - Mar 2024
Foreign Exchange Reserves: % of GDP (%) 4.000 Mar 2024 monthly Jul 2003 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 12.4 Mar 2024 monthly Aug 2003 - Mar 2024
Gold Reserves (USD mn) 558.700 Mar 2024 monthly Jul 1957 - Mar 2024
Total Deposits (USD mn) 41,220.521 Mar 2024 monthly Jan 2001 - Mar 2024
Total Deposits Growth (%) 15.0 Mar 2024 monthly Jan 2002 - Mar 2024
Domestic Credit (USD mn) 48,516.8 Mar 2024 monthly Jan 2001 - Mar 2024
Domestic Credit Growth (%) 8.4 Mar 2024 monthly Jan 2002 - Mar 2024
Total Loans (USD mn) 33,433.078 Oct 2023 monthly Jan 2001 - Oct 2023
Total Loans Growth (%) 5.54 Oct 2023 monthly Jan 2002 - Oct 2023
Private Debt: % of Nominal GDP (%) 74.47 2023 yearly 2003 - 2023
Monetary Survey: Domestic Credits (DO) (NPR mn) 6,425,570.514 Mar 2024 monthly Jan 2001 - Mar 2024
Monetary Survey: Narrow Money M1 (NPR mn) 952,017.470 Mar 2024 monthly Jan 2001 - Mar 2024
Monetary Survey: Broad Money M2 (NPR mn) 6,640,241.582 Mar 2024 monthly Jan 2001 - Mar 2024
Foreign Reserve (USD mn) 13,184.954 Mar 2024 monthly Jan 2002 - Mar 2024
Commercial Banks: Deposits exclude Interbank (NPR mn) 5,459,245.828 Mar 2024 monthly Jan 2001 - Mar 2024
Commercial Banks: Loans & Advances (NPR mn) 1,945,068.90 Jan 2018 monthly Jan 2001 - Jan 2018
CB: NPL (NPR mn) 27,174.060 2015 yearly 2003 - 2015

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