The Impact Of Interest Rate On Other Selected Macroeconomic Variables In Nigeria (1970-2010)

72 pages ID: ACC2654

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DepartmentAccounting
TypeProject
Pages72
Reference StyleYES
FormatMS Word & PDF
Reference No.ACC2654

Abstract

ABSTRACTThis study was embarked upon with a view to determining the impact of interestrate on other selected macroeconomic variables in Nigeria. Data were sourcedfrom CBN Abuja and NBS. Data were analyzed using the ordinary least squareregression (OLS). Results indicate that: Interest rate is inversely relatedinvestment and also negatively related with GDP. On the basis of the abovestated findings some policy recommendations were made.(1)Governmentshould establish policies that encourage increase in savings deposit rate,reduction in lending rates and also, efficient and reliable financial inst…

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