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
- Kebbi State University of Science and Technology, Aliero, Kebbi State 6
- Kenule Benson Saro-Wiwa Polytechnic, Bori, Rivers State 18
- Kogi State Polytechnic, Lokoja, Kogi State 4
- Kogi State University, Anyigba 2
- Kwara State College of Health Technology, offa, Kwara State 9
- Kwara State Polytechnic, Ilorin, Kwara State 20
- Kwara State University, Malete, Ilorin, Kwara State 13
- Ladoke Akintola University of Technology, Ogbomoso, Oyo State 39
- Lagos State Poly, Ikorodu, Lagos State 2
- Lagos State University, Ojo, Lagos State 7