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Monetary Policy Transmission Mechanism in Nigeria: Does Interest Spread Complicate Inflationary Targeting ?

Shobande Olatunji Abdul ()
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Shobande Olatunji Abdul: University of Lagos

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 2, 47-52

Abstract: Prolonged deviation in the interest rate spread in the monetary transmission channel hasbecome the point of academic inquiry in recent years. The possibility that the current interest rate spread and poor liquidity management of the Central bank have combined to frustrate the financing role of majority of deposit money banks in Nigeria. This study analysed the extents to which varied interest rate monetary transmission complicate investment and inflationary targeting framework of the bank. The results shows that interest spread have severe implication on the stability role of the Central bank in Nigeria.

Keywords: interest rate; monetary policy; financial stability; inflation (search for similar items in EconPapers)
JEL-codes: E4 E42 E5 (search for similar items in EconPapers)
Date: 2018
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