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Lats
’Latvia intervention watch
FT Alphaville is (as ever) on Latvian currency intervention and devaluation watch, this Monday morning.
Last week, the Latvian government agreed to cut its budget deficit — to help stave off a full-blown currency devaluation,
Defcon Latvia, Swedish krona edition
Another day, another Latvia development.
Although, as Danske Bank note, it’s getting harder to determine what’s really going on the ground. From their report on Tuesday:
Most recently, it seems Latvia’s prime minister has decided to change the sums lenders can collect on outstanding mortgages to better reflect the current market value of the properties.