(chart) Latvijas Banka has continued with the Expanded Asset Purchase Programme by purchasing securities emitted by the government of Latvian and international organizations in the amount of 1.44 billion euro over eight months of this year. The purchases of Latvian government securities by Latvijas Banka and ECB had reached 630 million euro by the end of October. 2.
Looking ahead, euro area exports should be supported by the ongoing expansion in the world economy. At the same time, taking into account the high level of business confidence in the euro area, private sector domestic demand should contribute increasingly to economic growth, benefiting from the accommodative monetary policy stance and the measures adopted to improve the functioning of the financial system.