Rising Food Inflation in Nigeria: Do Monetary Policy Interventions Matter?

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Analysis shows food inflation reacts to bank reserves and monetary policies, suggesting strategic adjustments are needed.

Food inflation responds to bank reserves, highlighting monetary policy's impact—important for policy measures.
Positive correlation noted between food inflation and bank reserves, indicating response dynamics warrant attention.
Analysis employed a vector autoregressive framework, addressing feedback from monetary policy tools on food inflation.
Highlights the need for policy adjustments, reinforcing domestic food production alongside monetary interventions.

Innocent Chile Nzeh (2025) studied this question.

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