International records / OpenAlex research

Monetary Policy, Inflation and Economic Growth in Nigeria

Inflation remains an important microeconomic variable in gauging the state of the economy. It requires close monitoring by regulators and economy managers to ensure financial stability and economic growth and development. Despite the Central Bank of Nigeria’s efforts to control inflation through monetary policy adjustments, Nigeria has faced persistent challenges with inflation, particularly in food prices. This study investigated the nexus between GDP growth, inflation, and monetary policy in Nigeria, focusing on the effectiveness of the Monetary Policy Rate (MPR) in managing core and food in…