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Nepal Interest Rate

Nepal's interest rate remains stable at 6%, unchanged from the previous period. This stability is driven by the central bank's focus on macroeconomic stability, controlled inflation and economic growth. Inflation was 4.17% in mid-June 2024 and is projected at 5.0% for FY2024/25. Economic growth is expected to reach 5.1% in FY2025, supported by tourism and hydropower. Monetary policy aims to ease borrowing costs and stimulate investment, reinforcing the steady interest rate. Nepal's record low interest rate was 5% on March 31, 2020 and record high was 8.5% on July 22, 2022.

Historical Data (2015-2025)

(in %)
Date Interest Rate
Aug 31, 2025 6%
Jul 17, 2025 6%
Jun 30, 2025 6.5%
May 31, 2025 6.5%
Apr 30, 2025 6.5%
Mar 31, 2025 6.5%
Feb 28, 2025 6.5%
Jan 31, 2025 6.5%
Dec 31, 2024 6.5%
Nov 30, 2024 6.5%
Oct 31, 2024 6.5%
Sep 30, 2024 6.5%
Aug 31, 2024 6.5%
Jul 26, 2024 6.5%
Jun 30, 2024 7%
May 31, 2024 7%
Apr 30, 2024 7%
Mar 31, 2024 7%
Feb 29, 2024 7%
Jan 31, 2024 7%
Dec 08, 2023 7%
Nov 30, 2023 7.5%
Oct 31, 2023 7.5%
Sep 30, 2023 7.5%
Aug 31, 2023 7.5%
Jul 31, 2023 7.5%
Jun 30, 2023 7.5%
May 14, 2023 7.5%
Apr 30, 2023 8.5%
Mar 31, 2023 8.5%
Feb 28, 2023 8.5%
Jan 31, 2023 8.5%
Dec 31, 2022 8.5%
Nov 30, 2022 8.5%
Oct 31, 2022 8.5%
Sep 30, 2022 8.5%
Aug 31, 2022 8.5%
Jul 22, 2022 8.5%
Jun 30, 2022 7%
May 31, 2022 7%
Apr 30, 2022 7%
Mar 31, 2022 7%
Feb 18, 2022 7%
Jan 31, 2022 5%
Dec 31, 2021 5%
Nov 30, 2021 5%
Oct 31, 2021 5%
Sep 30, 2021 5%
Aug 31, 2021 5%
Jul 31, 2021 5%
Jun 30, 2021 5%
May 31, 2021 5%
Apr 30, 2021 5%
Mar 31, 2021 5%
Feb 28, 2021 5%
Jan 31, 2021 5%
Dec 31, 2020 5%
Nov 30, 2020 5%
Oct 31, 2020 5%
Sep 30, 2020 5%
Aug 31, 2020 5%
Jul 31, 2020 5%
Jun 30, 2020 5%
May 31, 2020 5%
Apr 30, 2020 5%
Mar 31, 2020 5%
Feb 29, 2020 6%
Jan 31, 2020 6%
Dec 31, 2019 6%
Nov 30, 2019 6%
Oct 31, 2019 6%
Sep 30, 2019 6%
Aug 31, 2019 6%
Jul 24, 2019 6%
Jun 30, 2019 6.5%
May 31, 2019 6.5%
Apr 30, 2019 6.5%
Mar 31, 2019 6.5%
Feb 28, 2019 6.5%
Jan 31, 2019 6.5%
Dec 31, 2018 6.5%
Nov 30, 2018 6.5%
Oct 31, 2018 6.5%
Sep 30, 2018 6.5%
Aug 31, 2018 6.5%
Jul 31, 2018 6.5%
Jun 30, 2018 7%
May 31, 2018 7%
Apr 30, 2018 7%
Mar 31, 2018 7%
Feb 28, 2018 7%
Jan 31, 2018 7%
Dec 31, 2017 7%
Nov 30, 2017 7%
Oct 31, 2017 7%
Sep 30, 2017 7%
Aug 31, 2017 7%
Jul 31, 2017 7%
Jun 30, 2017 7%
May 31, 2017 7%
Apr 30, 2017 7%
Mar 31, 2017 7%
Feb 28, 2017 7%
Jan 31, 2017 7%
Dec 31, 2016 7%
Nov 30, 2016 7%
Oct 31, 2016 7%
Sep 30, 2016 7%
Aug 31, 2016 7%
Jul 31, 2016 7%
Jun 30, 2016 7%
May 31, 2016 7%
Apr 30, 2016 7%
Mar 31, 2016 7%
Feb 29, 2016 7%
Jan 31, 2016 7%
Dec 31, 2015 7%
Nov 30, 2015 7%
Oct 31, 2015 7%
Sep 30, 2015 7%
Nepal Interest Rate : Definition
The Interest Rate set by the Nepal Rastra Bank is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Private Credit (% GDP) 92.11% 91.56% 2024