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

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

October 24, 2013

Electronic Access:

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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.

Series:

Country Report No. 13/315

Subject:

English

Publication Date:

October 24, 2013

ISBN/ISSN:

9781484320464/1934-7685

Stock No:

1NGAEA2013009

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

25

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