BRH Monetary Policy Note
Summary: This note from the Bank of the Republic of Haiti (BRH) discusses monetary policy during the first quarter of fiscal year 2018-2019. It highlights the international and national economic context, policy decisions, and perspectives.
Key Findings
- The macroeconomic situation was marked by strengthened economic growth in the US and relative stability in the Eurozone.
- Inflationary pressures and gourde depreciation intensified due to increased liquidity and socio-political issues.
- The BRH tightened monetary policy by increasing reserve requirements on both gourde and foreign currency liabilities.
- The BRH maintained unchanged interest rates on its bonds at 6%, 8%, and 12% for 7-day, 28-day, and 91-day maturities, respectively.
- The outlook remains mixed, with inflation and exchange rates dependent on internal and external factors.
Full Description
This note from the Banque de la République d'Haïti (BRH) analyzes monetary policy during the first quarter of fiscal year 2018-2019. It reviews the international economic environment, characterized by growth in the US and stability in the Eurozone, and the national context, marked by inflationary pressures and gourde depreciation. The document details the BRH's policy decisions, including tightening monetary policy through increased reserve requirements, and provides perspectives on future economic conditions, emphasizing the importance of both internal and external factors influencing inflation and exchange rates.
How to cite
Bank of the Republic of Haiti (BRH), 2019, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon3t19.pdf