Search conferences, training, seminars, courses and workshops in Nigeria and around the world

Interest Rates Behaviors and Monetary Policy Response

Author: Central Bank Of Nigeria (CBN) - Education Series

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

More articles by Central Bank Of Nigeria (CBN) - Education Series Login to Download full article

Tags:

Interest Rates Stability Deposit Lending Facility.

	Building A Great Personal Brand Many people think personal branding is only associated with sports stars, celebrities and popular figures. The reality is that you are already a brand whether you know it or not. What you need to do is to be conscious of it and make it work in your best interests. In our present world, the way we ar [Read more]	Posted: 8 years ago
	Turning learning right side up: Putting education back on track Education should be a lifelong enterprise, a process enhanced by an environment that supports to the greatest extent possible the attempt of people to "find themselves" throughout their lives, For too long, we have educated people for a world that no longer exists, extinguishing their c [Read more]	Posted: 16 years ago
	Don’t Do Goals? Then See a P.R.I.ES.T Having a clear structure to navigate the complexities of life and career is more than a luxury—it’s a necessity. Structured planning empowers individuals to make sense of their world, achieve meaningful progress, and unlock personal fulfillment. However, for many, setting and sustaining [Read more]	Posted: 13 years ago