Tuesday‚ February 19‚ 2013. February 19‚ 2013 Bank of Japan Minutes of the Monetary Policy Meeting on January 21 and 22‚ 2013 (English translation prepared by the Bank’s staff based on the Japanese original) Please contact the Bank of Japan at the address below in advance to request permission when reproducing or copying the content of this document for commercial purposes. Secretariat of the Policy Board‚ Bank of Japan P.O. Box 30‚ Nihonbashi‚ Tokyo 103-8660‚ Japan Please credit
Premium Inflation
Management 1. IMPACT OF MONETARY POLICY IN PAKISTAN ON CURRENT ECONOMIC SCENARIO The economy seems to have settled at an unenviable equilibrium of high inflation and low growth. The protracted energy crisis and weak fiscal fundamentals are the main reasons behind this outcome. The pace of increase in domestic debt is also considerable and uncertain global economic conditions do not inspire much confidence either. In this constrained environment the impact of monetary policy has become limited;
Premium Stock exchange Stock market Futures contract
IMPACT OF MONETARY POLICIES ON THE NIGERIAN ECONOMY INTRODUCTION: Monetary policy being an economic tool is used to stabilize the economy. It is a tool used by the government through monetary agencies like the Central Bank to control the supply of money in an economy. It is used to bring about economic growth and development through the control of inflation. It impacts the economy cannot over-emphasized. It has very positive impacts on the economy and helps in building a sustainable economy
Premium Inflation Monetary policy Central bank
Monetary policy Is the term we use to describe an increase in interest rates or a decrease in interest rates. An increase/decrease in the money supply What is the MPC? Monetary policy Committee- interest rates are set by the banks MPC’s to help meet the inflation target. Who is on the MPC? Bank’s Monetary Policy Committee (MPC) is made up of nine members – the Governor‚ the two Deputy Governors‚ the Bank’s Chief Economist‚ the Executive Director for Markets and four external members appointed
Premium Inflation Monetary policy Macroeconomics
THE CONS OF THE NIGERIAN ECONOMY Nigeria boasts one of the fastest-growing economies in the world‚ with Gross Domestic Product growth rates above 6% every year since 2003. Home to more than 170 million people‚ it is the most populous country in Africa and the seventh most populated country in the world. The United Nations has projected its population could rise into the top three by 2050‚ potentially overtaking the United States. Unfortunately‚ Nigeria also has a tragic history of conflicts and
Premium United Nations Nigeria Human Development Index
The Modern Nigerian Economy Nigeria is located on the west coast of Africa and is the most populous black country in the world‚ bordering the North Atlantic Ocean‚ between Benin and Cameroon. Nigeria covers 356‚668 sq miles and is about the same size as California‚ Nevada and Utah combined. Nigeria is diverse in people and culture. Oil-rich Nigeria‚ long stunted by political instability‚ corruption‚ inadequate infrastructure‚ and poor management‚ is undertaking some reforms under a new reform-minded
Premium Agriculture Nigeria Poverty
serves all other sectors in the economy especially the industrial sector. The problem facing the Nigerian agricultural economy is inadequate capital and credit for start-up‚ investment and expansion. Monetary policy through its influence on the financial sector of the economy plays a major role in making credit available to the agricultural sector. Monetary policy refers to the combination of measures designed to regulate the value‚ supply and cost of money in an economy. It can be described as the art
Premium Monetary policy Central bank Inflation
Previous PageTable Of ContentsNext Page The Nigerian economy: Agriculture and the livestock sector For some years Nigeria has been seeking to achieve economic take-off by using her oil resources.1 The 1973�74 fourfold rise in oil prices enabled the Government to launch an ambitious investment programme.2 The principal aim of the Third Development Plan was to diversify the economy‚ which at that time was primarily based on oil and agriculture. Diversification was to be achieved by implementing
Free Agriculture Meat Livestock
obligations and also hindering economic growth. African economies have not performed well‚ partly because of the increased outflow of resources to service debt obligations and partly because the necessary macro-economic adjustment has remained elusive for most of the countries in the continent. INTRODUCTION The Nigerian President‚ Olusegun Obasanjo‚ had waged a six-year war on debt cancellation. He had to hire an ex-World Bank official‚ Nigerian-born Ngozi Okonjo-Iweala as Finance Minister to prosecute
Premium Debt Economics Nigeria
country. Monetary policy has direct relation with economic growth and states monetary policy as the arrangements which are planned to control supply of money in a country. In many countries the basic aims of the monetary policy are to stabilize prices‚ keep the balance of payment equal‚ promote the employment and increase in economic development (Osinubi‚2006). Since the foundation of State Bank of Pakistan in 1948 it has playing its role to stabilize economic growth through monetary policy. The main
Premium Inflation Monetary policy Economics