Impact of interest rate on economic growth in nigeria
and Ayingang (2012) who investigate the effect of interest rate fluctuation on the economic growth of Nigeria before and after the interest rate deregulation. in Nigeria during the 1970-85 period caused a number of unfavourable ii i) Administration of low interest rates leads to the development of parallel markets R. REICHEL - MACRO-ECONOMIC IMPACT OF NEGATIVE REAL INTEREST. Money supply and investment granger cause economic growth, while economic growth causes interest rate in Nigeria. On the overall, monetary policy explains Deposit interest rate and economic growth in Swaziland: As predicted that DIR would negatively affect the Nigerian financial development, the outcome from Table al., (2010) framework to assess the impact of interest rate deregulation on economic growth in Nigeria consequent upon the financial sector reforms beginning in significant effects on domestic private investment both in the promotion of economic growth and development. Interest rates affect the level of consumption on 29 Jul 2016 In the case of investment, interest rate and inflation show a negative effect on in Islamic countries, ultimately resulting in improved economic growth. of Nigeria and conclude that before liberalization, the interest rate had a
The purpose of this study is to determine the effect of inflation and interest rate on economic growth & to determine the correction measures to inflation and
12 Nov 2018 This study examined the effect interest rate on economic growth in Nigeria. Augmented Dickey – Fuller (ADF), Bound Test and Autoregressive 24 May 2013 ) investigated the impact of money supply and interest rates on economic growth by using the data from Nigeria for the period 1980 to 2006. They 8 Oct 2018 Specifically, the study investigates the effect of interest rate, inflation rate, interest rates had significant impact on economic growth in Nigeria. interest rate on the economic growth in Nigeria from 1990 to 2013 using annual series data. We will get an overview of how the economic activ ities have performed over two decades. 2. The Study examined the impact of interest rate of economic growth in Nigeria from 1990 to 2013. The result found that the interest rate has a slight impact on growth; however the growth can be improved by lower the interest rate which will increase the investment. Inflation, economic growth and interest rate concepts that are central and interrelated in Macro economic. A proper understanding of these concepts is therefore very necessary in order to get a good grasp of how inflation and interest rate has effected growth in Nigeria over the past eleven years. interest rates affect the Nigerian economy. The major problem this study seeks to solve is to ascertain the effect of interest rate on economic growth in Nigeria within the study period. 1.2 Objectives of the Study The main objective of the study shall be to assess the effect of interest rate on economic growth in Nigeria.
interest rate on the economic growth in Nigeria from 1990 to 2013 using annual series data. We will get an overview of how the economic activ ities have performed over two decades. 2.
Interest rate movements help balance inflation and keep the economy stable. imbalance and high deflect in the federal budget and the effect on the growth in A general overview of monetary policy and inflation in the Nigerian economy is
Interest rate has no significant impact on economic growth in Nigeria. H 0: 2 Interest rate reductions do not have a significant impact on increase in investment behavior of individual. The Nigerian economy has at with the period taken steps to bring about enormous increase in the levels of investment through favorable interest rate.
investment and consequently help to enhance economic growth. However, the road of complete deregulation of interest rate in Nigeria has not been devoid of 25 Oct 2019 This study focused on the effect of interest rates, exchange rate and The global financial crisis affected the Nigeria stock market so much that fixed exchange rate regime can support economic growth by allocation of the Interest rate movements help balance inflation and keep the economy stable. imbalance and high deflect in the federal budget and the effect on the growth in A general overview of monetary policy and inflation in the Nigerian economy is 18 Dec 2018 Sanusi [7] who all pointed out the low positive impact of deposit rate on economic growth after interest rate liberalization in Nigeria. These.
Keywords: Economic Growth, Interest Rate, Nigeria, Financial System. INTRODUCTION. Background to the Study. The Nigerian economy faced numerous
Nigeria: Economic growth quickens to over four-year high in Q4 2019. February 24, 2020. The economy shifted into a higher gear in the final quarter of last year, with annual GDP growth accelerating from 2.3% in the third quarter to 2.6%—the strongest expansion since Q3 2015. Read more. Nigeria: Inflation rises to 21-month high at turn of 2020 From the forgoing it becomes clear that the concept of exchange rate policies has the impact so as to show in the one of the macroeconomic variables, it contribute to economic growth of Nigeria. The Study examined the impact of interest rate of economic growth in Nigeria from 1990 to 2013. The result found that the interest rate has a slight impact on growth; however the growth can be improved by lower the interest rate which will increase the investment. Interest rate has no significant impact on economic growth in Nigeria. H 0: 2 Interest rate reductions do not have a significant impact on increase in investment behavior of individual. The Nigerian economy has at with the period taken steps to bring about enormous increase in the levels of investment through favorable interest rate. The Nigerian economy faced numerous challenges which impacted the overall economic activity and has witnessed crises with devastating consequences on the world commodity prices as a result of global economic. This subsequently created structural PROECT TOPIC: THE EFFECT OF INFLATION AND INTEREST RATE ON ECONOMIC GROWTH OF NIGERIA includes abstract and chapter one, complete project material available THE EFFECT OF INFLATION AND INTEREST RATE ON ECONOMIC GROWTH OF NIGERIA ABSTRACT The gross Domestic product Growth is a long term rise in the capacity to supply increasingly diverse economic goods o its population.
the regulation of money supply and interest rates by a nation's monetary authority so as to avoid currency tween the Nigerian economic growth and monetary policy from 1981 to 2012. the impact varies and depends on numerous internal . to study the effect of monetary policy on economic performance in Nigeria. The study revealed a negative relationship between the interest rate and GDP, According to economic theory the base rate is set by the banks to determine the interest rate and in Kenya it's the CBK rate. Darrat and Dickens (1999), argue Imoisi, Uzomba and Olatunji (2010) examined the impact of interest and exchange rates on the Nigerian economy from 1975 to 2008. The study employs the known need of how inflation rate and interest rate helpful for economic growth. Keywords: rate in money, whilst having no genuine effect on growth. If the growth in the between interest rates and economic growth in Nigeria, 1970 –. 2006. 21 Nov 2017 Since July 2016, Nigeria's national interest rate – known as the base rate or it restricts bank lending, which, in turn, impedes economic growth. The effects of such a policy decision could be dangerous if not well-managed. 19 Oct 2003 The interest rate has several functions in an economy via domestic demand for goods and services and via its effect on the exchange rate. in the economy, such as consumer impatience and the economic growth rate.