BRH Monetary Policy Note
Summary: This note reviews Haiti's monetary policy during the first quarter of fiscal year 2021-2022. It highlights the economic context, monetary policy decisions, and key financial sector indicators, while also discussing the challenges and perspectives for the Haitian economy.
Key Findings
- The economic activity was impacted by socio-political crisis and fuel shortages.
- Inflation accelerated to 24.6% in November 2021.
- The BRH maintained key interest rates and continued liquidity management.
- Credit to the private sector declined by 2.77%.
- The banking system showed improved financial structure and profitability.
Full Description
This monetary policy note for the first quarter of fiscal year 2021-2022 analyzes the economic environment, monetary aggregates, and financial sector performance in Haiti. The report details the BRH's policy decisions, including maintaining key interest rates and managing liquidity through bond offerings and foreign exchange interventions. It also examines the evolution of key banking ratios, credit distribution, and cooperative sector activity, concluding with perspectives on the Haitian economy for 2022, emphasizing the importance of fiscal coordination and private investment.
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-4eme-trim-2022_FINAL.pdf