cbn statement, 2010-04-16
The principal concerns of policy at this point in time were identified as the following: 1. Ensuring that the quantitative easing adopted by the Committee actually translate to injection of credit to the private sector players in the real economy; 2. Establishing some correspondence between the monetary policy rate (MPR) and prime and maximum lending rates of DMBs in order to establish a proper transmission channel from policy rate movements to market interest rates; and 3. Maintaining macroeconomic stability and stimulating growth while remaining vigilant with respect to inflation and capital market asset price bubbles.
Sentiment: neutral
Topic: mp_economic_activity