{"id":25301,"date":"2011-11-18T16:04:00","date_gmt":"2011-11-18T21:04:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/11\/18\/central-bank-of-latvia-holds-refinancing-rate-at-3-50\/"},"modified":"2011-11-18T16:04:00","modified_gmt":"2011-11-18T21:04:00","slug":"central-bank-of-latvia-holds-refinancing-rate-at-3-50","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/18\/central-bank-of-latvia-holds-refinancing-rate-at-3-50\/","title":{"rendered":"Central Bank of Latvia Holds Refinancing Rate at 3.50%"},"content":{"rendered":"<p><span><a href=\"http:\/\/www.bank.lv\/en\/\">Latvijas Banka<\/a><\/span><span>&nbsp;held its main monetary policy interest rate, the refinancing rate, unchanged at 3.50%, and held its other interest rates unchanged. &nbsp;The Bank said: &#8220;As the global prices of energy resources and food are stabilizing and assuming that the Government will refrain from raising any taxes, a substantial drop in inflation can be predicted for next year. Domestic demand is growing slowly and represents no risk of rising prices; moreover it is becoming likely that economic growth in Latvia will be slower next year as the demand in external markets drops because of the global debt crisis.&#8221;<\/span><br \/><span><\/span><br \/><a name='more'><\/a><br \/><span>Previously the Bank also kept monetary policy settings unchanged, leaving the&nbsp;<\/span><span><a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/latvia-central-bank-holds-interest-rate.html\">refinancing rate<\/a>&nbsp;<\/span><span>at 3.50% at its September meeting. &nbsp;The Bank of Latvia last reduced the refinancing rate by 50bps to 3.50% in March 2010. &nbsp;Latvia reported annual inflation of 4.4% in October, down from 4.6% in September, and 4.7% in August. &nbsp;The Latvian economy expanded 5.6% on an annual basis in Q2, while GDP growth was reported as 3.5% in the previous quarter. &nbsp;The Latvian currency, the lat (LVL), last traded around 0.519 against the US dollar.<\/span><br \/><span><span><br \/><\/span><\/span><\/p>\n<div><span><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2069951391036151510?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Latvijas Banka&nbsp;held its main monetary policy interest rate, the refinancing rate, unchanged at 3.50%, and held its other interest rates unchanged. &nbsp;The Bank said: &#8220;As the global prices of energy resources and food are stabilizing and assuming that the Government will refrain from raising any taxes, a substantial drop in inflation can be predicted for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/11\/18\/central-bank-of-latvia-holds-refinancing-rate-at-3-50\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Central Bank of Latvia Holds Refinancing Rate at 3.50%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-25301","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=25301"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25301\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=25301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=25301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=25301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}