International records / OpenAlex research
Assessing the Impact of Monetary Policy Rate (Mpr) Changes on Bond Prices and Yields in Nigeria
Monetary policy remains a cornerstone of macroeconomic management, particularly in emerging economies where interest rate signals play a crucial role in influencing financial market behaviour. This study investigates the impact of Monetary Policy Rate (MPR) changes on bond prices and yields in Nigeria between 2015 and 2024. Anchored in the Expectations Theory of the Term Structure of Interest Rates, the study employs an ex post facto research design and utilizes monthly time series data sourced from the Central Bank of Nigeria (CBN), Debt Management Office (DMO), and other credible institution…
