Journal of African Development

Inflation and monetary policy are fundamental elements of macroeconomic management that significantly influence national economic performance. Understanding the dynamics of inflation and the mechanisms through which monetary policy is transmitted across the economy is essential for ensuring economic stability and sustainable growth. This study examines the relationship between inflation dynamics, monetary policy transmission, and national economic performance using a quantitative research approach. Primary data were collected through a structured questionnaire distributed to academicians, economists, banking professionals, and postgraduate students with knowledge of economic policy. A total of 200 valid responses were obtained and analyzed using the Statistical Package for Social Sciences (SPSS). The study employed reliability analysis, factor analysis, and correlation analysis to evaluate the relationships among the variables. The reliability results indicated strong internal consistency with a Cronbach’s Alpha value of 0.845. Factor analysis confirmed the validity of the constructs, with three factors explaining approximately 70% of the total variance. The correlation analysis revealed statistically significant positive relationships between inflation dynamics and national economic performance (r = 0.179), monetary policy and national economic performance (r = 0.151), and monetary policy and inflation dynamics (r = 0.199). These findings suggest that both inflation dynamics and monetary policy transmission play important roles in shaping economic performance. The study concludes that effective monetary policy frameworks and stable inflation management are essential for promoting economic stability and growth. Policymakers should adopt integrated macroeconomic strategies that combine monetary and fiscal policies to address inflationary pressures and improve economic performance. The findings of this research contribute to the understanding of macroeconomic policy dynamics and provide insights for policymakers, economists, and researchers interested in economic stability and policy effectiveness