BRH Monetary Policy Note
Summary: This note from the Banque de la République d'Haïti (BRH) discusses monetary policy in December 2017. It reviews the macroeconomic environment, decisions on monetary policy in the first quarter of 2018, and provides perspectives on the Haitian economy.
Key Findings
- The macroeconomic environment was marked by an increase in the exchange rate in late October 2017.
- The BRH reinforced its policy of systematically absorbing excess liquidity.
- Inflation slowed despite the increase in the money supply.
- The Fed raised its key interest rates by 25 basis points.
- The Haitian government's monetary financing stood at 5,507.8 MG.
Full Description
This monetary policy note by the Banque de la République d'Haïti (BRH) analyzes the macroeconomic context and monetary policy decisions made in December 2017, with a focus on the first quarter of 2018. It examines the evolution of the exchange rate, inflation, and monetary aggregates, both in Haiti and internationally. The document also discusses the BRH's interventions in the foreign exchange market and its efforts to manage liquidity in the banking system. It concludes with perspectives on the Haitian economy, including forecasts for inflation and the potential impact of public investment.
How to cite
Bank of the Republic of Haiti (BRH), 2018, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon4t18.pdf