
"Latvijas Banka concluded 2024 with financial results that exceeded expectations, despite the negative results of monetary policy operations stemming from the interest rate hikes implemented by the Governing Council of the ECB in previous years to curb inflation in the euro area. Total recognised gains of Latvijas Banka amounted to 214 million euro (143 million euro in 2023), leading to an increase in Latvijas Banka's capital and reserves by 30% (to 944 million euro)," the central bank sai...