Tag: inflation targeting
-
Rebuilding Trust in Monetary Policy: Nigeria’s Path to Credibility
Introduction: Why Trust Matters for Monetary Policy For any central bank, the core mandate remains price stability. Yet in emerging markets like Nigeria, rebuilding trust in monetary policy is essential when past choices—often marked by unorthodox measures—produced inflationary pressures and currency volatility. Credibility matters because it shapes private-sector expectations, exchange-rate behavior, and the effectiveness of…
-
Rebuilding Trust in Nigeria’s Monetary Policy for Price Stability
Introduction: Why trust matters in monetary policy For any central bank, price stability is the bedrock of credibility. In emerging markets like Nigeria, that credibility has come under strain from periods of unorthodox policy, volatile inflation, and exchange-rate swings. When authorities rely on interventionist tools or frequent policy pivots, businesses and households lose confidence in…
-
Rebuilding Trust in Monetary Policy: Nigeria’s Path to Price Stability and Credible Reforms
Introduction: The Credibility Challenge for Nigeria’s Central Bank For many emerging economies, inflation isn’t just a number on a chart—it’s a lived reality that shapes household budgets, business investment, and the exchange rate. Nigeria, with its history of unorthodox policy moves and volatile inflation, faces a central task: rebuild trust in monetary policy. A credible…