IDB Wednesday of Reflections, May 2026: introduction to the BRH study on the oil shock
- The BRH Board ordered a multi-scenario study of the macroeconomic effects of the oil shock.
- The Governor cited exchange rate stability, disinflation since October 2025 and stronger reserves as gains before the shock.
- Recent pump price adjustments will, all else equal, reverse the recent inflation trend.
- The study may lead to a recalibration of the BRH's monetary stance.
The Governor listed the gains reached before the shock as exchange rate stability, a disinflation trend since October 2025 and a marked strengthening of international reserves, with gross reserves estimated at more than six months of imports. He said the shock had already been recorded in Haiti's trading partners and would affect other low-income countries.
He said the Board of the BRH asked its Department of Research in Economics and Finance for a study with several scenarios to measure the effects on the economy, recalibrate the monetary stance if needed and shape responses based on research. The study had followed a discussion at the latest edition of the "Vendredis de la BRH" on the macroeconomic effects of the oil shock. The text gives no scenario results, which were to be presented by BRH staff after his introduction.
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Bank of the Republic of Haiti (BRH), IDB Wednesday of Reflections, May 2026: introduction to the BRH study on the oil shock, https://www.brh.ht/publications/discours-du-gouverneur/
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- Banque de la République d'Haïti (BRH)