 |
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
|
Reality Check on Fiscal Policy in NigeriaAbstract: The fact that the 2014-2016 MTEF projects that an increase of N17 trillion in nominal GDP between 2012 and 2016 will be accompanied by a decline in nominal Federal Government revenue and spending suggests that Nigeria’s fiscal policy has disconnected from economic reality. Urgent ste [Read more]
|
Posted: 14 years ago |
|
Finding Your Why - Staying Committed to Your Job Against All OddsDuring a live television show in the United States, a music director was asked to sing the popular song ‘Amazing Grace’ and he sang it in a rather pedestrian manner. The talk show host then told him to sing it again but this time around with the consciousness that he survived after being [Read more]
|
Posted: 5 years ago |
|
Why Your Company Should Focus More on Hiring IntrapreneursThe employee recruitment process can be a very intricate one. Apart from checking for qualifications, ethics and general fit, Recruiters also must ensure that each recruit understands their role and would perform it to the best of their ability. However, there is a way to make this process easier. A [Read more]
|
Posted: 8 years ago |
Management Challenge
Quote of the Day
Featured Video
Searching for Management Training Courses? Local or International?
Follow us on social media
Download Quarterly Guide
