BRH Monetary Policy Note
Summary: This report from the Bank of the Republic of Haiti analyzes the macroeconomic situation and monetary policy decisions during the first quarter of fiscal year 2018-2019. It examines the international and national economic environment, including inflation, exchange rates, and the impact of socio-political events on economic activity.
Key Findings
- The macroeconomic situation was marked by a strengthening of economic growth in the United States.
- Inflationary pressures and the depreciation of the gourde intensified due to increased liquidity and socio-political uncertainties.
- The Central Bank implemented a monetary policy to mitigate the adverse impacts on the national currency.
- The BRH increased reserve requirements on both gourde and foreign currency liabilities.
Full Description
This note from the Banque de la République d'Haïti (BRH) assesses the macroeconomic context and monetary policy decisions during the first quarter of fiscal year 2018-2019. The report analyzes the international economic environment, noting trends in the US and Eurozone. Domestically, it examines inflation, exchange rate pressures, and the impact of socio-political instability on economic activity. The BRH's monetary policy responses, including adjustments to reserve requirements, are detailed, along with an overview of the banking system's performance.
How to cite
Bank of the Republic of Haiti (BRH), 2019, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon1t19.pdf