European Parliament Library

Nigeria :, Publication of Financial Sector Assessment Program Documentation––Technical Note on Strengthening Monetary and Liquidity Management

Abstract
This Technical Note focuses on strengthening of monetary and liquidity management in Nigeria. The Central Bank of Nigeria (CBN) has robust institutional framework in place to design and implement monetary policy. The CBN has also sufficient instruments for short-term liquidity management. The Monetary Policy Rate (MPR) corridor serves as a signaling device for the monetary policy stance. Although use of the overnight facilities is at the banks’ discretion, the CBN is able to use repo operations and outright transactions to manage day-to-day liquidity and guide short-term interest rates toward the MPR
Table Of Contents
Cover; Contents; Glossary; I. Context and Background; II. Monetary Policy Framework; A. Monetary Policy Objectives; B. Institutional Arrangements for Monetary Policy; C. Monetary Operational Framework; III. Liquidity Forecasting and Management; A. Liquidity Forecasting and Analysis; Figures; 1. Monetary Policy Rate, Interest Rate Corridor, and Short-Term Interest Rates; 2. Daily Liquidity Forecast Errors; B. Management of Systemic Liquidity; Box; 1. Instruments of Monetary Policy; C. Management of Short-Term Liquidity; IV. Functioning of Financial Markets and Liquidity Management
Language
eng
Literary Form
non fiction
Note
"October 2013."
Physical Description
1 online resource (26 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781484379790

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