Many of the advanced economies are growing quite strongly and unemployment rates in a number of them are at multi-decade lows. The Chinese economy is also growing solidly, although the pace of growth has slowed, partly as a result of efforts to put the financial sector on a more sustainable footing. The United States is most advanced in the process of monetary policy normalisation.
The Bank of Latvia has developed and is using the full set of the same indirect, market based monetary policy instruments that are used by the European Central Bank. On May 18, 2000, the Bank of Latvia was assigned quality management ISO 9002 certification. Movement of capital Both current and capital account transactions have been fully liberalised in Latvia.