BRH Monetary Policy Note
- The BRH maintained its policy of absorbing excess liquidity through BRH bonds and interventions in the foreign exchange market.
- Inflation reached 48.3% in December 2022.
- The gourde depreciated to 145.20 per USD in December 2022.
- The financial system showed improved profitability, but also increased dollarization.
This note from the Banque de la République d'Haïti (BRH) examines monetary policy during the first quarter of fiscal year 2022-2023. The report details the international economic environment, characterized by persistent high inflation and monetary tightening in developed economies. Domestically, economic activity was hampered by security concerns, fuel shortages, and poor agricultural performance, leading to increased inflationary pressures. The BRH maintained its policy of absorbing excess liquidity through BRH bonds and interventions in the foreign exchange market. The report also covers monetary aggregates, financial sector performance, and provides an outlook for the coming quarters.
How to cite
Bank of the Republic of Haiti (BRH), 2023, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/Politique_monetaire_decembre2022.pdf