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Haiti - Economy : Note from the BRH on Monetary Policy - Q4 2017
24/10/2017 10:35:14

Haiti - Economy : Note from the BRH on Monetary Policy - Q4 2017
The Note on Monetary Policy of the Bank of the Republic of Haiti (BRH) analyzes recent developments in the Haitian economy. Its purpose is to provide information on the direction of monetary policy and the latest decisions taken by the authorities to identify short-term prospects for the national economy.

Perspective of the Haitian economy

[...] According to forecasts by BRH's technical services, inflationary pressures should ease at the beginning of the first quarter of the 2017-2018 fiscal year. For the months of September, October and November 2017, the annual inflation rate should be 15.6%, 15% and 14.5% respectively. However, these estimates do not take into account exogenous shocks that may affect the economy, including those that may affect exchange rate stability.

With regard to GDP growth, the estimates assume a rate of 1.2% for the 2016-2017 financial year, supported by a revival of agricultural production, which was reflected in the spring harvest. However, for the fiscal year 2017-2018 and the first quarter in particular, the growth in economic activity will largely depend on the impetus given by the 2018 Finance Act, whose allocations for capital expenditure are higher than those recorded in the previous year. during fiscal year 2017.

In addition, the BRH will continue to focus its monetary policy on establishing and maintaining a stable and investment-friendly macroeconomic framework. Thus, it will remain vigilant in the face of developments in the national and international situation and will take the necessary measures to smooth the exchange rate fluctuations and limit their impact on the evolution of the general price level.

In addition, through a set of custom financial mechanisms, the BRH will support the creation of conditions suitable for the revitalization of the productive sectors.

For full details of the BRH analysis, download the full note : http://www.haitilibre.com/docs/note_polmon4t17.pdf

HL/ HaitiLibre

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