BRH Monetary Policy Note (2016-Q3)
Summary — This report analyzes recent economic developments in Haiti, focusing on monetary policy. It provides insights into the monetary policy framework, its connection to various economic sectors, and its objectives to inform the public, account for recent decisions, and outline short-term economic prospects.
Key Findings
- The Haitian economy experienced a slowdown in economic activity linked to socio-political factors and underperformance in the agricultural sector.
- Inflation accelerated in annual terms, although monthly inflationary pressures diminished.
- The exchange rate depreciated, reaching 56.13 gourdes per US dollar by the end of November 2015.
- International reserves totaled nearly $800 million USD in December 2015.
- The central bank maintained its tight monetary policy, keeping interest rates and reserve requirements unchanged.
Full Description
This Monetary Policy Note analyzes recent developments in the Haitian economy, emphasizing monetary policy. It presents the monetary policy framework, linking different economic sectors and the monetary sphere. The report aims to inform the public about the direction of monetary policy, account for recent decisions by authorities, and outline short-term prospects for the national economy. It covers the first quarter of fiscal year 2016, examining the international and domestic economic context, monetary policy decisions, and future perspectives.