BRH Monetary Policy Note
- The Haitian economy showed some dynamism due to visitor inflows during the holiday season.
- The BRH maintained its monetary policy orientation to ease pressures on the exchange market and prices.
- The BRH modified regulations on fund transfers to formalize exchange transactions and protect beneficiaries.
- The gourde appreciated due to a decrease in the average monthly reference exchange rate.
- 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 policy decisions during the first quarter of fiscal year 2021. The report analyzes the international economic context, including the impacts of the COVID-19 pandemic, and provides an overview of the Haitian economy, focusing on inflation, exchange rates, and economic activity. It details the BRH's monetary policy responses, including liquidity management and interventions in the foreign exchange market, and assesses the performance of the banking system. The note concludes with perspectives on the economic outlook and the BRH's policy priorities.
How to cite
Bank of the Republic of Haiti (BRH), 2021, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/note_polmon2t21.pdf