The Impact Of Monetary Policy On Inflation In Nigeria (2004 – 2010)

ABSTRACTOne of the main objectives of the government is to control the rate of inflationary pressure in the economy. The government employs a deliberate manipulation of cost and availability of credit and money to achieve this economic objective. The Central bank of Nigeria being the regulatory body combines measures designed to regulate the value, supply and cost of money into economic activities. This is what we call monetary policy (CBN Brief 1996/03). It is against this background that this research is carried out to ascertain the effect on the use of monetary policies such as money supply…