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 (1)

Label Occurrences
Monetary Policy Committee canonical 1

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 NERFINISHED
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 NERFINISHED
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 NERFINISHED
languageOfWork English
legalBasis Central Bank of Nigeria Act NERFINISHED
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 NERFINISHED
Central Bank of Nigeria headquarters NERFINISHED
parentOrganization Central Bank of Nigeria NERFINISHED
partOf Central Bank of Nigeria NERFINISHED
publishes monetary policy communiqués
regionServed Nigeria NERFINISHED
reportsTo Governor of the Central Bank of Nigeria
sector financial sector
public sector
typeOfOrganization governmental economic body
usesInstrument Monetary Policy Rate NERFINISHED
cash reserve requirements
liquidity ratio
open market operations
standing deposit facility
standing lending facility

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Referenced by (1)

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

Central Bank of Nigeria policyCommittee Monetary Policy Committee