BRH Monetary Policy Note
- The COVID-19 pandemic continued to impact the international economic environment.
- The BRH maintained its monetary policy orientation, intervening to ease exchange rate pressures.
- The gourde appreciated due to a decrease in the average monthly reference exchange rate.
- The financial situation was marked by a simultaneous increase in public revenue and expenditure.
- The banking system showed favorable profitability and a mixed trend in dollarization.
This monetary policy note from the Banque de la République d'Haïti (BRH) examines the key trends and decisions related to monetary policy during the first quarter of fiscal year 2021 (October-December 2020). The note analyzes the international economic environment, including the impacts of the COVID-19 pandemic, and the domestic economic situation in Haiti. It details the BRH's monetary policy decisions during the quarter, including interventions in the foreign exchange market and management of liquidity. The note also reviews monetary aggregates, banking system performance, and provides an outlook on future policy directions, emphasizing the importance of macroeconomic stability and financial inclusion.
How to cite
Bank of the Republic of Haiti (BRH), 2021, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon1t21.pdf