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Haiti - Economy : Note on the monetary policy of the BRH (4th quarter 2020) 02/11/2020 08:53:01 In Haiti, a slight recovery in economic activity was noted compared to the previous three quarters. This development is attributable to a lower number of Covid-19 cases than expected, the return to regular hours of operation in various sectors and the reopening of the country to international air traffic. In addition, this timid recovery was facilitated by the good performance of transfers and an improvement in rainfall conditions since mid-August. However, certain sectors, particularly tourism and subcontracting, continue to suffer from weak of the external demand caused by the pandemic. In addition, commercial activities in several regions of the country continue to suffer from an uncertain socio-political climate and in the particular case of the border area with the Dominican Republic, from the closure of binational markets. Regarding the evolution of prices, the sharp depreciation of the national currency until August, the ruptures caused by the security situation in the marketing channels and the relatively high level of monetary financing have helped to keep inflation at a high standard. Thus, the variation in the Consumer Price Index (CPI) year-on-year was above 20% for all the months of the year, until July when it reached 25,7% with an average monthly inflation of 2% over the same period. However, prices started to decelerate from August onwards, thanks to the significant appreciation of the Gourde. To find out more Download the full BRH Note (13 pages, PDF) : https://www.haitilibre.com/docs/note_polmon4t20.pdf HL/ HaitiLibre
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