Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Latvia Beats Targets

RIGA, Latvia -- Latvian inflation may undershoot its 1998 forecast and there are signs that GDP growth is on track for its planned 6 percent growth this year, Finance Minister Robert Zile said Wednesday.

Latvia is also leaning to issuing three-year bonds in its next step to longer maturities and is closely eyeing its current account gap to see if an Estonia-style stabilization fund budget surplus is necessary, Zile said.

Latvia's budget plans for seven percent inflation in 1998. "Because we already succeeded in 1997 to reach seven percent, perhaps when we make amendments to budget legislation, let's say in June this year, then perhaps we will also revise this inflation expectation to 6 percent," he said.