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.

	Ten Tips for Running Effective Meetings If there’s one thing we cannot buy, it’s time. Time is fleeting and it is important for us all to make the most of the time we are allotted. We all get 24 hours, but what we do with those hours is up to us. And this is why spending our time efficiently should be of utmost importance. [Read more]	Posted: 8 years ago
	Financial Planning – Is It for Me? As Fitzhugh Dodson said, "Without goals, and plans to reach them, you are like a ship that has set sail with no destination." This saying is particularly true when it comes to financial planning. Except you win a lottery or run into an expected or unexpected inheritance (both of which may [Read more]	Posted: 3 years ago
	Global financial meltdown and the reforms in the Nigerian banking sector Being the full text of a Public Lecture delivered by Sanusi Lamido Sanusi (Governor, Central Bank of Nigeria) at the Convocation Square, Abubakar Tafawa Balewa University, Bauchi, December 10, 2010 Protocol 1. I am very delighted to be invited to present a key-note address at this importa [Read more]	Posted: 17 years ago