MONETARY POLICY AND PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA .

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ABSTRACT

The impact of monetary policy from 1995 to 2020 on the performance of Nigerian savings institutions. To analyze the data model and determine how monetary policy instruments affect the performance of Nigeria's saving money institutions, researchers used the ordinary least squares (OLS) regression approach. Results indicate that whereas interest rate has a negative and substantial link with bank performance in Nigeria, cash reserve ratio has a negative and negligible relationship. In Nigeria, the monetary policy rate has a strong and substantial correlation with bank performance. Money availability in log value has a strong and substantial correlation with bank performance in Nigeria. In Nigeria, there is a weak negative correlation between exchange rate and bank performance. As a result, it is suggested that the CBN, via the monetary policy committee, work to develop more adaptable strategies in order to better react to the nation's constantly shifting macroeconomic circumstances.

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