Economist confirmed as council member at central bank

On June 21 the Latvian parliament confirmed economist Mārtiņš Kazāks as a member of the Council of the Bank of Latvia. 

He is to start at his new post on August 1. 

Kazāks has been Chief Economist for Swedbank in Latvia since 2005, and is already a member of the consultative Fiscal Council which advises government on economic policy. 

He was recommended for the post by the bank itself. Its vice-governor and current acting governor Zoja Rasmusa said Kazāks has far-reaching views and excellent knowledge of economics. 

The move puts Kazāks in the running as a possible next governor, subject to a pending corruption case against the incumbent, Ilmārs Rimšēvičs (who denies he has done anything wrong). 

The council currently includes Zoja Razmusa, Vita Pilsuma, Arvils Sautiņš and Aivars Skopiņš. 

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