Impact of Monetary Policy Instruments Implementation on the Profitability of Deposit Money Banks
Student: Chinemerem Promise Anyamelee (Project, 2025)
Department of Accounting
University of Abuja, Abuja, Fct
Abstract
ABSTRACT This study investigates the impact of monetary policy instruments on the profitability of deposit money banks, The study obtained secondary data for three (3) deposit money banks over a eight year period from 2016-2023.Cash Reserve Rate (CRR), Interest Rate (IR), Liquidity Rate (LR) and Minimum Rediscount rate (MRR) were the independent variables while profitability was proxied by Profit after Tax (PAT). The pearson product moment correlations coefficient was used to analyze data and the findings of the study reveals interest rate (IR) affect the profitability of banks, while the minimum Rediscount rate had no effect on the profitability of deposit money banks, The cash reserve rate and the liquidity rate as a partial effect. The paper recommended that management of deposit money banks in Nigeria should look beyond monetary policy instruments to enhance their profits.
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For the full publication, please contact the author directly at: chinemeremanyamelee@gmail.com
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Institutions
- Isa Mustapha Agwai I Polytechnic, Lafia, Nasarawa State 2
- Jigawa State Polytechnic, Dutse, Jigawa State 4
- Joseph Sarwuan Tarka University, Makurdi, Benue State 17
- Kaduna Polytechnic (NCE), Kaduna, Kaduna State 2
- Kaduna Polytechnic, Kaduna 329
- Kaduna Polytechnic, Kaduna , Kaduna State (affl To Fed Univ of Tech, Minna) 6
- Kaduna State College of Education, Gidan-Waya (affliatted To Abu) 2
- Kaduna State University, Kaduna, Kaduna State 246
- Kano State Polytechnic, Kano, Kano State 196
- Kano University of Science and Technology, Wudil, Kano State 6