Central bank: Latvia’s GDP will increase 3.6% in 2013, inflation at 2%

The Bank of Latvia Council today resolved to leave the interest rates and reserve requirement set by the Bank of Latvia unchanged. Albeit a moderate rise in domestic demand and consumption is expected in 2013 as a result of rising incomes, no serious risks to price stability exist in the medium term and the average annual inflation is expected to be low: Bank of Latvia’s basic prediction is at 2.0%. ... Read more...