Latvia will seek to prevent European Central Bank Governing Council member Ilmars Rimsevics from returning to his post after he was caught up in a bribery probe that’s rocked the Baltic nation, the country’s prime minister said in an interview.
The Corruption Prevention and Combating Bureau detains the head of the Bank of Latvia, Ilmars Rimsevics. In response, Latvia's Prime Minister Maris Kucinskis calls an emergency cabinet meeting but added there was no apparent threat to the Latvian financial system. 2018-02-18 (Context: Bank of Latvia, Corruption in Latvia, Ilmars Rimsevics, Latvia)
Latvian bank ABLV sues the European Central Bank in the Court of Justice of the European Union, saying the ECB triggered ABLV's collapse. The bank failed following allegations by the United States that ABLV was laundering money on behalf of North Korea. 2018-05-7 (Context: ABLV, European Central Bank, Latvia)
The European Central Bank maintains its policy to halve monetary stimulus after September and end it in December 2018. However, the ECB perceives "uncertainties related to rising protectionism" as the main concern for the global economy. 2018-09-13 (Context: European Central Bank)
Latvia opts to describe an ongoing drought as "a natural disaster of a national scale" that can be dealt with using normal laws, in preference over declaring a state of emergency. 2018-06-26 (Context: Latvia)
The value of the euro falls by one percent after the European Central Bank announces it expects to halve net bond purchases to EUR15 billion per month from October to December, then end "quantitative easing" by the close of the year, while not raising interest rates. 2018-06-14 (Context: European Central Bank)