The impact of monetary policy and bank rate on the performance of deposit money banks in Nigeria
To conduct monetary policy, some monetary variables which the Central Bank controls are adjusted-a monetary aggregate, an interest rate or the exchange rate-in order to affect the goals which it does not control. Monetary policy affects aggregate demand and the level of economic activity by increasing or decreasing the availability of credit, which can be seen through decreasing or increasing interest rates. Monetary variable are the variables which are estimated based on the existing price such as nominal interest rate, nominal investment, government expenditure, and so on. In any case, Ewansiha OSARETIN Emmanuel , money does not behave neutral, with respect to the economy.
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