OREANDA-NEWS. March 18, 2013. The Bank of Latvia Council resolved to leave the interest rates and reserve requirement set by the Bank of Latvia unchanged.

Since the inflation indicators are consistently low and the rate of economic growth poses no risks to price stability in the medium term, the Bank of Latvia Council is of the opinion that the current stance of the monetary policy is appropriate for the economic situation.

The Report of the Governor of the Bank of Latvia, Ilmars Rimsevics, at today’s press conference will be available in the news section of the Bank of Latvia’s home page www.bank.lv .

The Bank of Latvia Council approved amendments to the "Regulation for the Credit Register" and "Regulation for the Exchange of Electronic Information with the Bank of Latvia”, both to take effect on 01.10.2013.

The amendments to the Credit Register regulation provide for perfecting the information contained within the Credit Register for evaluating the credit ability of the client and his guarantor, for the purposes of supervision of the financial market participants, macroeconomic analyses and statistics. In accordance with the above amendments to the Credit Register regulation, the "Regulation for the Exchange of Electronic Information with the Bank of Latvia" has also been amended and the possibilities for Credit Register participants to amend and update the Credit Register information in file format have been improved, at the same time including additional requirements for the purpose of preventing unfounded demands for Credit Register information.