BRH Monetary Policy Note
Summary: This report from the Bank of the Republic of Haiti (BRH) analyzes the macroeconomic situation and monetary policy decisions for the third quarter of 2018. It discusses the international and national economic environment, inflation, and the BRH's policy responses.
Key Findings
- The Haitian economy experienced inflationary pressures and gourde depreciation due to increased liquidity and socio-political instability.
- The BRH implemented monetary policies to mitigate adverse impacts on the national currency and maintain financial stability.
- The international economic environment saw growth in the US but challenges in the Eurozone.
- The BRH increased reserve requirements for banks in both gourdes and foreign currency.
- The report highlights the importance of addressing the fiscal deficit and socio-political uncertainties to stabilize the economy.
Full Description
This note from the Banque de la République d'Haïti (BRH) provides an overview of monetary policy during the third quarter of 2018. It examines the international economic environment, noting growth in the US and challenges in the Eurozone. Domestically, inflationary pressures and gourde depreciation are highlighted. The report details the BRH's monetary policy decisions in response to these conditions, including measures to manage liquidity and maintain financial system stability. It also provides perspectives on the near-term outlook for the Haitian economy, considering both internal and external factors.
How to cite
Bank of the Republic of Haiti (BRH), 2019, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon2t19.pdf