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)

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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