BRH Monetary Policy Note (2014-Q2)
Summary — This note analyzes recent economic developments in Haiti, focusing on monetary policy. It presents the monetary policy framework, its connection to various economic sectors, and aims to inform the public about the direction of monetary policy, recent decisions by authorities, and short-term economic perspectives.
Key Findings
- The authorities maintained the monetary policy orientation, keeping interest rates on BRH bonds unchanged.
- The real sector showed signs of strengthening, with increased commercial activity and electricity consumption.
- The balance of payments improved compared to 2012-2013 but remained in deficit.
- The BRH's net foreign exchange reserves decreased due to government spending and dollar sales.
- Inflation continued its downward trend, with expectations of further decline.
Full Description
This document analyzes recent developments in the Haitian economy, with a focus on monetary policy. It presents the framework of monetary policy and its connection to different sectors of the economy and the monetary sphere. The objective is to inform the public about the direction of monetary policy, account for the latest decisions taken by the authorities, and outline short-term perspectives for the national economy. The note covers the first quarter of fiscal year 2014, examining the economic environment, policy decisions, and outlook.