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 covers the economic context, monetary aggregates, financial sector performance, and perspectives for the Haitian economy.
Key Findings
- The conjuncture was marked by persistent disruption in supply chains and uncertainties around the multiplication of cases of Covid-19.
- Inflation accelerated, reaching 24.6% in November 2021.
- The gourde depreciated by 2.1% during the quarter.
- The BRH maintained its key interest rates and continued its strategy of absorbing excess liquidity.
- The ratio of non-performing loans to gross loans increased to 7.02%.
Full Description
This Monetary Policy Note from the Bank of the Republic of Haiti (BRH) examines the key trends and policy decisions during the first quarter of fiscal year 2021-2022 (October-December 2021). It assesses the impact of both international and domestic economic conditions on Haiti's monetary policy. The report analyzes monetary aggregates, the performance of the financial sector, and provides an outlook for the Haitian economy, considering factors such as inflation, exchange rates, and credit activity. It also details BRH's interventions in the foreign exchange market and regulatory measures.
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-2e-trim-2022.pdf