THE ROLE OF MONETARY POLICY IN THE CONTROL OF INFLATION IN NIGERIA. (A CASE STUDY OF CENTRAL BANK NIGERTA PLC)
Abstract
This paper examined the role of monetary policy in the Bank's Profitability.
In doing this, the research was conducted and data were collected and also
analyze?. The result of the analysis shows that monetary policy is presented
by money supply exerts a positive impact on GDP growth and balance of
payment but negative impact on rate of inflation. The recommendations are
that monetary policy should facilitate a favourable investment climate
through facilitated appropriate interest rates, exchange rate and liquidity
management mechanism and the money market should provide more
financial instruments that satisfy the requirement of the ever-growing and
sophistication of oPerations.
The essence of this research is the analysis of the of monetary policy in the
control of inflation in Nigeria on the Banking Industry. For quite appreciable
length of time, monetary policy measure adopted in Nigeria have failed to
achieve a significant result. This owes to the fact that macro- economic
problem of unemployment, inflationary pressure and per-capita income as
well as low external reserves and declining value of the domestic currency
which our monetary policies ought to have addressed still lingers'
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