BRH Monetary Policy Note (2024-Q1-Q2)
Summary — This report by the Bank of the Republic of Haiti (BRH) analyzes monetary policy during the first semester of fiscal year 2023-2024 (October 2023 - March 2024). It details the economic context, policy decisions, and performance indicators of the banking sector.
Key Findings
- The Haitian economy continued to be affected by internal and external shocks.
- The BRH maintained its monetary policy stance, focusing on price stability and financial system soundness.
- The Central Bank intervened in the foreign exchange market to smooth exchange rate fluctuations.
- The banking sector showed mixed performance, with a slight decrease in assets.
- The report anticipates continued economic uncertainty due to security concerns.
Full Description
The Monetary Policy Note for the first semester of fiscal year 2023-2024 examines Haiti's economic environment, characterized by internal and external shocks. The BRH maintained its monetary policy stance, focusing on price stability and financial system soundness. Key areas covered include the global economic environment, domestic economic activity, public finances, monetary aggregates, and banking sector performance. The report also outlines the BRH's decisions regarding interest rates, reserve requirements, and liquidity management.