1.1BACKGROUND OF THE STUDY:
the beginning of inflation in Nigeria can be said to be a direct result of the polices of the country’s governments to stimulate a fast rate of economic growth and development since 1951 when material government was introduced. Inflationary trend since independence show two distinctions pend in terms of digital analysis.
However, the issue of monetary policy came to be in existence in order to be also a solution to the problem of inflation in Nigeria. We said that “Monetary policy is all measures adopted by monetary authorities to control the availability credit, total money in circulation etc in order to achieve some objectives which include; achieving of full employment, controlling of inflation achieving of economic growth and development, exchange rate stability.
Central bank however, can only achieve this objectives by applying the monetary policy instruments such as bank rate, open market operation (OMO), mural suation research rations etc.
Through, this monetary policy can be applied based on the type of problem facing the economy. This can be either expansionary or concretionary policy measure based don the situation the country is facing.
So, monetary policy serve as an avoid to the problem of inflation in the economy.
TABLE OF CONTENT
1.1BACKGROUND OF THE STUDY
1.2STATEMENT OF THE PROBLEM
1.3OBJECTIVES OF THE STUDY
1.4 SIGNIFICANCE OF THE STUDY
1.5LIMITATION OF THE STUDY
REVIEW OF RELATED LITERATURE
3.0RESEARCH DESIGN AND METHODOLOGY
3.1SOURCES OF DATA
3.2LOCATION OF DATA
3.3METHODS OF DATA
RECOMMENDATION AND CONCLUSION