 |
Interest Rates Behaviors and Monetary Policy Response |
A stable deposit base as opposed to volatile, short-term funds has started to impact positively on interest rates stability. In order to fast track interest rates stability, the CBN introduced a new framework for the implementation of monetary policy in December of 2006. As part of the new framework, the Bank established a standing deposit and lending facility and replaced the MRR with the Monetary Policy Rate (MPR) which was initially set at 10.0 per cent (but reviewed downwards subsequently). The entire system was designed as a corridor with the lending facility as the upper bound of the corridor while the deposit facility served as the lower bound. The entire corridor had a width of 600 basis points with the MPR at the centre….
Enjoy this article? Feel free to share your comment, idea or opinion in the comment section
Join the conversation
Related Articles
|
The Importance and Values of EducationAs a parent and educationist, my passion has always been and, is still to support children in achieving their maximum potential and achieving overall happiness!
I have worked with individuals from ages zero to about 21 years and have observed simple truths that are useful to their developmental n [Read more]
|
Posted: 14 years ago |
|
Nigeria Can Strengthen Economy via Wheat Trade LiberalizationReport Highlights: Nigeria remains a huge export market for wheat with export value of U.S. wheat averaging $1 billion, about 85 percent share of the wheat market. The high demand is mostly pressured by increasing consumption of wheat flour - based products and insufficient domesti [Read more]
|
Posted: 14 years ago |
|
Ten Unhealthy habitsAfter years of working with entrepreneurs, investors, corporations, and institutions, I realized that most people have one or more habits that prevent them from being wealthy. For each habit I have created and tested a counter-habit, hoping that this can help individuals live happier. This is a mani [Read more]
|
Posted: 17 years ago |
Management Challenge
Quote of the Day
Follow us on social media
Download Quarterly Guide
