BRH Monetary Policy Note
Summary: This note reviews Haiti's monetary policy for the first quarter of fiscal year 2021 (October-December 2020). It covers the international and domestic economic environment, monetary policy decisions, monetary aggregates, and banking system performance.
Key Findings
- The COVID-19 pandemic continued to impact the international economic situation.
- The BRH maintained its monetary policy orientation to ease tensions in the foreign exchange market.
- The gourde appreciated due to a decrease in the average monthly reference exchange rate.
- The banking system showed favorable profitability and a contrasting evolution of dollarization.
Full Description
This monetary policy note analyzes Haiti's economic and financial situation during the first quarter of fiscal year 2021. It assesses the global economic context, focusing on the impacts of the COVID-19 pandemic. Domestically, it reviews key economic indicators, including inflation, exchange rates, and the performance of the banking sector. The note details the BRH's monetary policy decisions and their impact on monetary aggregates and the financial system, providing insights into the central bank's efforts to maintain stability and support economic activity.
How to cite
Bank of the Republic of Haiti (BRH), 2021, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon4t21.pdf