Bank of Latvia - Annual Report 2007

Ilmars Rimsevics, the governor of the Bank of Latvia, praised Riga for implementing inflation-curbing measures, in the central bank's latest Annual Report.

Rimsevics said that with the pace of lending, excessively strong domestic demand and GDP growth gradually moderating, the first rebounding in inflation was expected in the second half of the 2008.

Click here to read the report

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