BRH Monetary Policy Note
Summary: This note from the Bank of the Republic of Haiti (BRH) analyzes monetary policy during the first semester of fiscal year 2023-2024. It discusses the economic environment, monetary aggregates, and performance of the banking sector, while also outlining the BRH's policy decisions.
Key Findings
- The Haitian economy continued to be negatively affected by internal and external shocks during the first semester of fiscal year 2023-2024.
- The BRH maintained its monetary policy stance, focusing on price stability and financial system stability.
- The central government's efforts to improve its financing capacity, along with increased supply in the formal exchange market, led to relative exchange rate stability.
- The banking sector's net income decreased, but key ratios such as return on assets and return on equity improved.
- The BRH prolonged the moratorium on eligible loans and authorized the restructuring of non-performing loans to support businesses and individuals.
Full Description
This monetary policy note by the Bank of the Republic of Haiti (BRH) provides an overview of the economic and financial conditions in Haiti during the first semester of fiscal year 2023-2024 (October 2023 - March 2024). It examines the global and domestic economic environment, focusing on inflation, exchange rates, and the real sector. The note details the BRH's monetary policy decisions during the period, including its management of liquidity and reserve requirements. It also assesses the performance of the banking sector and provides perspectives on future economic developments.
How to cite
Bank of the Republic of Haiti (BRH), 2024, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/Note-sur-la-politique-monetaire-trim-3-2024.pdf