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 2024-2025. It covers the global and Haitian economic environment, public finances, monetary aggregates, and banking sector performance.
Key Findings
- The global macro-economic environment experienced moderate growth with disparities across countries.
- Persistent socio-political instability in Haiti significantly affected economic activity.
- The BRH maintained its monetary policy stance, sterilizing excess liquidity through bond emissions.
- The Haitian economy is stuck in a negative growth trap, recording its sixth consecutive year of GDP contraction.
- The financial system allocated 96.47% of credits to individuals and 3.53% to institutions or legal entities.
Full Description
This note on monetary policy for the first quarter of fiscal year 2024-2025 examines the global and Haitian economic context, highlighting moderate global growth and persistent socio-political instability in Haiti. It details the performance of public finances, monetary aggregates, and the banking sector, noting the BRH's efforts to manage liquidity and maintain stability amidst economic challenges. The report also touches on credit distribution and provides a brief outlook on future economic prospects.
How to cite
Bank of the Republic of Haiti (BRH), 2025, BRH Monetary Policy Note, https://www.brh.ht/wp-content/uploads/NOTE-SUR-LA-POLITIQUE-MONETAIRE-1er-TRIMESTRE-DE-LEXERCICE-FISCAL-2024-2025.pdf