Haiti: base interest rate 2010-2018
In 2017 and 2018, the Bank of the Republic of Haiti set the base interest rate at twelve percent, after reaching 14.67 percent in 2016. Monetary policy rate, also known as base interest rate or base rate, is a percentage defined by central banks to determine the cost of credit in a given economy. This indicator serves as a guide for other financial institutions to set their own interest rates.