BRH Monetary Policy Note
Summary: This note from the BRH analyzes Haiti's monetary policy during the first quarter of fiscal year 2021 (October-December 2020). It examines the economic environment, monetary aggregates, and banking system performance, while outlining the BRH's policy decisions and perspectives.
Key Findings
- The BRH maintained its monetary policy orientation, focusing on managing exchange rate pressures and their impact on prices.
- The BRH modified regulations on international fund transfers to formalize transactions and protect beneficiaries.
- The monetary base increased by 3.89% in December 2020 compared to September 2020.
- The banking system showed favorable profitability and a mixed trend in dollarization.
- The gourde appreciated, leading to a decrease in the average monthly exchange rate of 17.96%.
Full Description
This Monetary Policy Note from the Banque de la République d'Haïti (BRH) provides an overview of the economic and monetary policy landscape during the first quarter of fiscal year 2021 (October-December 2020). It assesses the international and Haitian economic environments, detailing key indicators and trends. The note outlines the BRH's monetary policy decisions during the quarter, including measures to manage exchange rate pressures and support economic activity. It also analyzes monetary aggregates, banking system performance, and provides perspectives on future economic developments and policy directions.
How to cite
Bank of the Republic of Haiti (BRH), 2021, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon3t21.pdf