AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
CBN New Monetary Policy Replaces MRR With MPR.
(From Vanguard (Nigeria) - AAGM)
Byline: Babajide Komolafe
THE Central Bank (CBN) yesterday scrapped the old monetary policy of using the Minimum Rediscount Rate (MRR) as the benchmark for interest rate in the economy, replacing it with the Monetary Policy Rate (MPR). The MRR represents the minimum interest rate banks can borrow from the CBN while the MPR is a short term interest rate at which banks can predictably borrow from the apex bank.
The new Monetary Policy Rate (MPR) will be set at 10 per cent, using the current rate of inflation and the expected inflation rate outcome of 9.0 per cent for 2006 as a guide to ensure that interest rate remain …
-
- China announces new appointments to central bank monetary policy committee.
-
Newspaper article from: BBC Monitoring International Reports
March 29, 2010
700+ words
-
- Chinese legislators discuss improved central bank monetary policy management.
-
News wire article from: Asia Africa Intelligence Wire
August 24, 2003
700+ words
-
- China appoints economist Fan Gang to central bank monetary policy committee.
-
News wire article from: Europe Intelligence Wire
August 11, 2006
700+ words
-
- Nepal central bank tightens monetary policy.
-
Newspaper article from: BBC Monitoring International Reports
September 30, 2008
700+ words
-
- Thailand: Central bank's Monetary Policy Committee garvely concered over...
-
News wire article from: Thai Press Reports
December 18, 2006
700+ words
