The Effect Of Monetary Policy On The Performance On Banks In Nigeria (A Case Study Of Selected Banks In Nigeria)

ABSTRACT

Monetary policy refers to the combination of measures designed to regulate the value, supply and cost. of money in an economy, in consonance with the expected level of economic activity." An excess supply of money would result to an excess demand for goods and services which would cause rising price and I a deterioration of the balance of payment position. On the other hand, an inadequate supply of money could induce stagnation in the Economy. Thereby, retarding growth and development. In a nutshell, the aims of monetary re basically to control inflation, maintain a healthy balance of payment position in order to safeguard the external value of the national currency and promote adequate and sustainable level of economic growth and development. UDN Briefs, (1999).