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.




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Money Supply And Lending Rate

Money Supply: On a month-on-month basis, growth in M2 have accelerated overtime; reaching over N20,000 billion by April 2016. The rise in M2 at the end of 2016Q1 reflects the fast-paced rise in aggre

Capital Importation And Budgetary Allocation (Oil And Gas)

Capital Importation: Investment in the oil and gas sector has remained low since 2009. However, investments into the sector fell more deeply in 2015, on the account of persistent global and domestic c

Gross Domestic Product Growth Rate And Contribution To GDP (ITC)

Gross Domestic Product Growth Rate: The information and communication sector has grown overtime but witnessed an unusual decline in 2011, which has remained low in 2016Q1 possibly due to declining con

Capital Importation And Budgetary Allocation (ITC)

Capital Importation: Given the positive outlook on the ITC sector in the past few years, investments in the sector reached a 10-year peak in 2014. However, the foreign investment fell marginally in 2