Nigeria Economic Chart Park

Monetary Policy Rate

Monetary Policy Rate (MPR) (%)

Pushing up interest rate, post-2011

Cash Reserve Ratio (CRR) (%)

Public and private sector CRR unified in 2015

Monetary Policy Rate: The fluctuations in MPR reflect CBNs intermittent effort to promote growth, stymie inflation or incentivize capital flows. Particularly, the rise in MPR in 2016Q1 was effort to rein on double digit inflation and compensate investors for attendant losses in investments, at the time.

Cash Reserve Ratio: Public sector and private sector CRR was unified in March 2015 in response to unwholesome practices amongst banks which had adverse consequences for prudential management, liquidity and credit to the private sector. The unified CRR was raised at the end of 2016Q1, in an effort to tighten liquidity in the banking system and rein on inflation.




Related

 

Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP

Capital Importation: Overall capital imported into the manufacturing sector fell deeply in 2015 and has remained low in 2016H1 on the account of present FOREX issues affecting businesses in the sector

Net Foreign Exchange Flows Through The Nigerian Economy

Net Foreign Exchange Flows through the Nigerian Economy: The recent fall in foreign exchange earnings reflects the decline in both oil sector receipts from CBN, and non-oil sector inflows from autonom

Appropriation Act (Budget)

Appropriation Act (Budget): Capital expenditure remarkably increased in 2016 relative to preceding year, on the account of the present governments renewed commitment to infrastructure development.

FDI, FPI And Other Investments

FDI, FPI and other Investments: Portfolio investment has continued to fall rapidly since 2014, while FDI inflows remain subdued since 2010