Monetary Policy Committee

E886253

The Monetary Policy Committee is the key decision-making body of the Central Bank of Nigeria responsible for setting interest rates and guiding the country’s monetary policy to achieve price stability and support economic growth.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf decision-making body ⓘ
monetary policy committee ⓘ
announces Monetary Policy Rate decisions ⓘ
liquidity management decisions ⓘ
policy guidance on inflation and growth ⓘ
compositionIncludes Deputy Governors of the Central Bank of Nigeria ⓘ
Governor of the Central Bank of Nigeria ⓘ
external members appointed by the Federal Government of Nigeria ⓘ
country Nigeria ⓘ
decisionScope nationwide monetary policy in Nigeria ⓘ
field central banking ⓘ
macroeconomic policy ⓘ
monetary policy ⓘ
goal economic growth ⓘ
exchange rate stability ⓘ
financial system stability ⓘ
price stability ⓘ
hasAbbreviation MPC ⓘ
influences credit conditions in Nigeria ⓘ
exchange rate dynamics in Nigeria ⓘ
inflation expectations in Nigeria ⓘ
short-term interest rates in Nigeria ⓘ
jurisdiction Federal Republic of Nigeria ⓘ
linked to: Nigeria
languageOfWork English ⓘ
legalBasis Central Bank of Nigeria Act ⓘ
mainResponsibility achieving price stability in Nigeria ⓘ
formulation of monetary policy in Nigeria ⓘ
guiding short-term interest rates in Nigeria ⓘ
maintaining monetary and price stability ⓘ
setting the Monetary Policy Rate in Nigeria ⓘ
supporting economic growth in Nigeria ⓘ
meetingFrequency bi-monthly ⓘ
meetingLocation Abuja ⓘ
Central Bank of Nigeria headquarters ⓘ
parentOrganization Central Bank of Nigeria ⓘ
partOf Central Bank of Nigeria ⓘ
publishes monetary policy communiqués ⓘ
regionServed Nigeria ⓘ
reportsTo Governor of the Central Bank of Nigeria ⓘ
sector financial sector ⓘ
public sector ⓘ
typeOfOrganization governmental economic body ⓘ
usesInstrument Monetary Policy Rate ⓘ
cash reserve requirements ⓘ
liquidity ratio ⓘ
open market operations ⓘ
standing deposit facility ⓘ
standing lending facility ⓘ

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

Central Bank of Nigeria → policyCommittee → Monetary Policy Committee ⓘ
Charles Chukwuma Soludo → memberOf → Central Bank of Nigeria Monetary Policy Committee ⓘ
linked to: Monetary Policy Committee