BRH Monetary Policy Note
Summary: This note analyzes recent economic developments in Haiti, focusing on monetary policy. It presents the monetary policy framework, its objectives, and short-term economic perspectives.
Key Findings
- The monetary policy aimed to preserve the purchasing power of the national currency and consolidate macroeconomic stability.
- Inflation decelerated, with the annual rate decreasing from 10.4% in October 2011 to 6.7% in February 2012.
- The exchange rate experienced a slight depreciation, moving from 40.42 HTG/USD in September 2011 to 41.53 HTG/USD in February 2012.
- The banking system remained relatively stable, with the asset base increasing by 0.3% to 155.49 billion gourdes as of January 31, 2012.
- The Central Bank maintained its key interest rates unchanged to support economic growth and credit to the private sector.
Full Description
This document analyzes recent developments in the Haitian economy, focusing on monetary policy. It presents the monetary policy framework that links different sectors of the economy and the monetary sphere. The objective is to inform the public about the orientation of monetary policy, report on recent decisions by authorities, and outline short-term perspectives for the national economy. The monetary policy during the first semester of fiscal year 2011-2012 aimed to preserve the purchasing power of the national currency and consolidate macroeconomic stability.
How to cite
Bank of the Republic of Haiti (BRH), 2012, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/2018/08/note_polmon1s12.pdf