BRH Monetary Policy Note
Summary: This report by the Bank of the Republic of Haiti (BRH) analyzes monetary policy during the first quarter of fiscal year 2021-2022. It examines the economic context, monetary aggregates, and financial sector performance, while also outlining the BRH's policy decisions and future perspectives.
Key Findings
- The economic activity was impacted by security conditions and fuel shortages.
- Inflation accelerated to 24.6% in November 2021.
- Credit to the private sector declined by 2.77%.
- The BRH maintained key interest rates and continued to manage liquidity.
- The gourde depreciated by 2.1% during the quarter.
Full Description
This note on monetary policy by the Bank of the Republic of Haiti (BRH) reviews the first quarter of fiscal year 2021-2022. The report assesses the global and domestic economic environment, noting the impact of international supply chain disruptions and domestic socio-political crises. It details the BRH's monetary policy decisions, including maintaining key interest rates and managing liquidity. The analysis covers monetary aggregates, financial sector performance, and provides an overview of credit distribution by gender and region, as well as perspectives on the cooperative sector.
How to cite
Bank of the Republic of Haiti (BRH), 2022, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/Note-de-Politique-Monetaire-3eme-trim-2022.pdf