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.
Keywords
For the full publication, please contact the author directly at: chinemeremanyamelee@gmail.com
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Institutions
- Federal College of Education (Tech), Gusau, (Affl To Abu Zaria), Zamfara State 1
- Federal College of Education, Abeokuta (Aff To University of Ibadan), Ogun State 2
- Federal College of Education, Eha-Amufu, Enugu State 1
- Federal College of Education, Kano (Affl To Ahmadu Bello University, Zaria) 1
- Federal College of Education, Kontagora, (Affl To Abu, Zaria), Niger State 2
- Federal College of Education, Okene, (Affl. To University of Ibadan), Kogi State 3
- Federal College of Education, Pankshin, (Affl To Uni of Jos), Plateau State 2
- Federal College of Education, Zaria, Kaduna State (affl To Abu, Zaria) 1
- Federal College of Wildlife Management, New Bussa, Niger State 1
- Federal Cooperative College, Ibadan P.m.b. 5033, Eleyele, Ibadan, Oyo State 3