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From Monsters and Critics.com Business News Riga - The Bank of Latvia left refinancing interest rate unchanged at 6 per cent on Thursday. The lagged impact of the bank's decision to change interest rates in March on the economy, and the current ample liquidity in the financial system make it unnecessary to continue changing the country's monetary policy, the bank's Governor Ilmars Rimsevics told reporters. As its economy slows down, The Baltic nation, which joined the European Union in 2004, is fighting inflationary pressures brought on by domestic demand and credit boom. © Copyright 2007 by monstersandcritics.com. This notice cannot be removed without permission. |