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 connection 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 BRH maintained stable interest rates and managed liquidity through BRH bonds.
- The passage of Hurricane Matthew and socio-political factors negatively impacted the local economy.
- Inflation increased, driven by rising commodity prices and currency depreciation.
- The banking system maintained a healthy asset quality and adequate financial structure.
- The trade deficit widened, but private transfers increased.
Full Description
This Monetary Policy Note analyzes recent developments in the Haitian economy, emphasizing monetary policy. It presents the framework of monetary policy, linking different economic sectors and the monetary sphere. The objective is to inform the public about the direction of monetary policy, account for recent decisions by authorities, and outline short-term prospects for the national economy. The note covers the first quarter of fiscal year 2016-2017, marked by stable interest rates, liquidity management, and interventions in the foreign exchange market to mitigate inflationary pressures.
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_polmon2t17.pdf