BRH Monetary Policy Note
Summary: This note analyzes recent developments in the Haitian economy, focusing on monetary policy. It outlines the monetary policy framework, its link to various economic sectors, and provides insights into the direction of monetary policy, recent decisions by authorities, and short-term prospects for the national economy.
Key Findings
- The monetary policy maintained the status quo on key interest rates.
- The Central Bank systematically absorbed excess liquidity through BRH bonds and interventions in the foreign exchange market.
- The devastating impact of Hurricane Matthew and socio-political factors slowed economic activity.
- Inflation increased due to rising global commodity prices, local supply shortages, and currency depreciation.
- The banking system maintained a sound asset quality and adequate financial structure.
Full Description
This monetary policy note examines recent economic developments in Haiti, with a specific focus on monetary policy. It details the framework guiding monetary policy decisions, highlighting its connections to different sectors of the economy and the monetary sphere. The note aims to inform the public about the direction of monetary policy, report on recent decisions made by authorities, and outline short-term prospects for the national economy. It covers the first quarter of fiscal year 2016-2017.
How to cite
Bank of the Republic of Haiti (BRH), 2017, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/2018/08/note_polmon4t17.pdf