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

 

Purchasing Managers Index

Purchasing Managers Index: The level of business activities declined sharply in the first half of 2016 on the account of weak economic performance. Particularly, the issues surrounding exchange rates

Public Debt-to-GDP Ratio

Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay

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

Gross Domestic Product And Contribution To GDP

Gross Domestic Product: Agriculture Gross Domestic Product growth rate recorded its highest point in 2006Q1 but fell sharply subsequently. Particularly, the slow growth recorded in 2015 and 2016Q1 is