Nepal's cb outlines policy strategy

The Nepal Rastra Bank, the country's central bank, has published details of its policy strategy for the current fiscal year. The central bank says policy will aim to keep inflation under 5% without any change in the compulsory cash ration or the bank rate.

Provision has been made for refinancing with concessions to industries affected ten years of civil conflict in Nepal.

It also provides for the seizure of passports of "wilful defaulters" and withholding payments to them from investments, bot