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

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 Moneta...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Depository Institutions
Banks
Finance
Banks And Banking
Currency; Foreign Exchange
Liquidity Forecasting
Micro Finance Institutions
Asset And Liability Management
Mortgages
Liquidity
Liquidity; Economics
International Financial Markets
Currency Markets
Foreign Exchange
Financial Markets
Banking
Foreign Exchange Market
Foreign Exchange Sales
Liquidity Management
Finance: General
Portfolio Choice
Investment Decisions
Nigeria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary: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.
Physical Description:25 pages
ISBN:9781484320464

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