Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Draghi welcomes Latvia in eurozone and predicts low inflation

Jan 10, 2014
From wire reports, RIGA

European Central Bank President Mario Draghi has congratulated Latvia on joining the eurozone whilst predicting a prolonged period of low inflation in the eurozone.

"I would like to take this opportunity to welcome Latvia as the eighteenth country to adopt the euro as its currency. Accordingly, Mr Rimsevics, the Governor of Latvijas Banka, became a member of the Governing Council on January 1, 2014," said Draghi.

Draghi also predicted a prolonged period of low inflation in the eurozone and vowed to maintain an accommodative stance of monetary policy for as long as necessary.

"Inflation expectations for the euro area over the medium to long term are firmly anchored in line with our aim of maintaining inflation rates below, but close to, 2 percent. Such a constellation continues to suggest that we may experience a prolonged period of low inflation, to be followed by a gradual upward movement towards inflation rates below, but close to, 2 percent later on," explained Draghi.

As reported, the European Central Bank decided Thursday to leave its key rate at 0.25 percent.

 MORE NEWS
  • Latvian football clubs pay off...
    Latvian football clubs and FC Skonto and FC Jūrmala have paid their 3000 euro part...
  • Temperatures to hit plus 30 in...
    Temperatures this weekend will reach 32 degrees celsius in some areas of Latvia. ...
  • President urges higher defense...
    Eastern European nations must take defense seriously and increase spending, Estoni...
  • Countdown timer to officially ...
    A countdown timer will be installed in Lithuania marking the time left until th...
  • Russian officials urge festiva...
    Russian State Duma members have urged organizers of the popular New Wave music ...
  • Airlines cancel Israel flights...
    Latvian airline airBaltic has canceled Riga to Tel Aviv flights today amid the ...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.