BRH Monetary Policy Note
- Inflation reached 48.3% in December 2022.
- The gourde depreciated to 145.20 HTG/USD in December 2022.
- Total government revenue increased by 23.5% compared to the previous quarter.
- The BRH intervened in the foreign exchange market to support the supply of foreign currency.
- The stock of deposits in foreign currency decreased by 8.5%.
This note on monetary policy from the BRH analyzes the first quarter of the 2022-2023 fiscal year. It details the international and domestic economic context, including inflation, exchange rate pressures, and the impact of socio-political instability. The report reviews monetary aggregates, the performance of the financial sector, and the BRH's policy decisions during the period, including maintaining key interest rates and reserve requirements while managing excess liquidity. It concludes with perspectives on the economic outlook and potential factors influencing future monetary policy.
How to cite
Bank of the Republic of Haiti (BRH), 2023, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/Note-sur-la-Politique-Monetaire-Juillet_sept-2023_derniere-version.pdf