BRH Monetary Policy Note (2019-Q4)
Summary — This report from the Bank of the Republic of Haiti (BRH) analyzes the macroeconomic situation and monetary policy decisions in Haiti during the first quarter of fiscal year 2018-2019. It covers the international economic environment, domestic economic conditions, and the BRH's monetary policy responses.
Key Findings
- The macroeconomic situation in Haiti was marked by inflationary pressures and gourde depreciation.
- The BRH implemented monetary policy to mitigate the adverse impacts on the national currency.
- The BRH increased reserve requirements for banks in December 2018.
- The deficit commercial reached 602.28 million US dollars.
- The exchange rate reached 77.19 gourdes per US dollar at the end of December 2018.
Full Description
This note from the Banque de la République d'Haïti (BRH) provides an overview of monetary policy during the first quarter of fiscal year 2018-2019. It examines the international economic context, including growth in the United States and the Eurozone, as well as trends in commodity prices. Domestically, the report discusses inflationary pressures, exchange rate depreciation, and the impact of socio-political unrest on economic activity. It details the BRH's policy responses, including measures to manage liquidity and adjust reserve requirements, and concludes with a short outlook on the Haitian economy.