International records / OpenAlex research

Monetary Policy Measures and Inflation Targeting in Nigeria

This study examined how well monetary policy tools worked in helping Nigeria to achieving its inflation targets from 1981-2023. To achieve this, the study collected data on inflation rate, monetary policy rate, broad money supply, exchange rate, lending interest rate and real gross domestic product from reports by Nigeria's central bank and the World Bank. An Autoregressive Distributed Lag - ARDL technique was used as the main tool of analysis. The findings from this method showed that there is a long-term relationship between the different factors studied. In the long run, the monetary policy…