Bank of Latvia

Latvia allays devaluation fears

Einars Repse, Latvia's finance minister and a former governor of the Bank of Latvia, on 29 May reinforced comments by Ilmars Rimsevics, the governor, that the country was not facing a currency devaluation.

Latvia cuts to 4%

The Bank of Latvia cut its key rate by a full percentage point on Thursday in a bid to limit the scale of its economic contraction.

Latvia feels the turmoil

The Latvian economy shows increased signs of a deceleration, said Ilmars Rimsevics, the governor of the Bank of Latvia.

Latvia leaves rates on hold

The Bank of Latvia's Council voted to leave its refinancing rate unchanged at 6% noting that its anti-inflation plan was starting to take effect and there were the first signs of a stabilisation in the real estate market.

The Three Baltic states

President Kraft of the Bank of Estonia, Governor Rimsevics of the Bank of Latvia and Governor Sarkinas of the Bank of Lithuania, outline their countries preparations for joining the euro.

Latvian central banker Repse cleared of corruption

LATVIA - While finding no anti-corruption violations in actions by Bank of Latvia president in announcing one-time collection of donations as royalties he would receive for heading a new right-wing party, the Prosecutor General's Office though warned him…

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