Federal finance and statistics / Central Bank of Nigeria

Pass-Through Effects of Standing Facilities on Bank Interest Rates in Nigeria

The paper investigates the pattern of pass-through effects of standing facilities rates on commercial bank retail interest rates in Nigeria. Monthly data spanning 2007:06 to 2019:12 and the Gregory-Hansen cointegration method that accounts for structural breaks are used in the empirical analysis. The adjustment parameters for the standing deposit and lending facilities are found to be significant, but with a low speed of adjustment. This provides some evidence on the nature of the inte | Keywords: Discount window operations, Gregory-Hansen cointegration, monetary policy, standing facilities

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Source	Central Bank of Nigeria
Collection	Federal finance and statistics
Kind	Document
Publisher	Central Bank of Nigeria
Date	2021-09-30
Type	document
Found at	https://www.cbn.gov.ng/api/GetAllDocuments
Archived copy	Look it up in the Wayback Machine
Record ID	`cbn:cbn:1a31ea490047c569`

Cite this record

Pass-Through Effects of Standing Facilities on Bank Interest Rates in Nigeria. Central Bank of Nigeria, 2023. Vero Archive, record cbn:cbn:1a31ea490047c569.