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ABSTRACT
Every economy has hoped to achieve the highest level of economic growth and development possible over the years. This study looks at the "Impact of Monetary Policy on the Nigerian Economy" over a nineteen-year (19) period, from 2001-2020. The impact of monetary policy on an economy has been a constant topic of discussion in every economy, particularly developing economies, as it relates to economic growth and development of a nation. Secondary data was used on the EVIEWS 10 package to regress the model with GDP as the dependent variable and money supply, inflation rate, liquidity ratio, and interest rate as independent variables. Money supply has a positive relationship with the economy and has a significant impact on it as did Liquidity Ratio. Inflation Rate and interest Rate have a negative relationship and have significant effects on GDP. R-Squared shows an 87.4% increase in GDP. It is thus recommended that some effective policies be implemented in response to the ineffectiveness of previous monetary policies, which should be eliminated.
