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
- Osun State College of Education, Ila-Orangun(Aff To Ekiti State Uni), Osun State 1
- Osun State College of Education, Ilesa, Osun State. (affl To Univ of Ibadan) 2
- Osun State Polytechnic, Iree, Osun State 468
- Osun State University, Osogbo, Osun State 11
- Our Saviour Institute of Science and Technology (polytechnic) Enugu, Enugu State 1
- PAN-ATLANTIC UNIVERSITY, KM 52 LEKKI-EPE EXPRESSWAY, IBEJU-LEKKI, LAGOS STATE. 14
- Paul University, Awka, Anambra State 2
- Petroleum Training Institute, Effurun, Delta State 1
- Precious Cornerstone University, Ibadan, Oyo State 1
- Prince Abubakar Audu University, Anyigba 30