Mārtiņš Kazāks


In 2023, Latvijas Banka has achieved success both domestically and internationally. The foundation has been laid for a new cycle of economic growth. The decisive monetary policy action taken by the Governing Council of the European Central Bank – specifically, the swift increase in interest rates – helped to curb inflation across the euro area. The inflation dragon has been tamed, paving the way for gradual interest rate cuts already in the near future. Low inflation coupled with reduced interest rates will foster economic growth and improve the welfare of the Latvian population.

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Latvijas Banka in 2023

Operational areas