Aaron Eglitis's profile photo

Aaron Eglitis

Riga

Correspondent at Bloomberg News

Bloomberg News correspondent for Latvia. Views are my own, retweets aren't endorsements.

Articles

  • 2 weeks ago | bloomberg.com | Aaron Eglitis

    Martins Kazaks(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks said interest-rate cuts are nearing an end, assuming the base case for inflation stabilizing at 2% over the coming months comes to pass. “If the current baseline holds, we will soon reach the terminal rate,” the Latvian official said Wednesday in a presentation for an MNI event.

  • 2 weeks ago | bloomberg.com | Aaron Eglitis |Donato Paolo Mancini |Arne Delfs

    A mobile air defense system at the Rheinmetall stand during the FEINDEF defense exhibition in Madrid, in May. (Bloomberg) -- The Latvian government is in talks with German weapons manufacturer Rheinmetall AG on producing defense equipment domestically as part of an effort by Baltic nations to bolster their military capabilities in the face of Russian aggression.

  • 3 weeks ago | bloomberg.com | Aaron Eglitis

    A Russian Sukhoi Su-35 fighter jet. (Bloomberg) -- Estonia’s Foreign Ministry summoned the Russian embassy’s top official after a Russian military aircraft violated the Baltic country’s airspace. Portuguese F-16 jets stationed in Estonia responded to the intrusion by a Russian SU-35 fighter jet, the Baltic nation’s military said in a statement on Wednesday.

  • 3 weeks ago | bloomberg.com | Aaron Eglitis

    Martins Kazaks(Bloomberg) -- European Central Bank Governing Council member Martins Kazaks urged for caution even as he backed a further reduction in borrowing costs. “The next monetary policy meeting is at the beginning of June and there will be new data and then we will see,” he said. “The financial markets at the moment are expecting another rate cut in June.

  • 1 month ago | bloomberg.com | Aaron Eglitis

    Martins Kazaks(Bloomberg) -- The European Central Bank should be able to carry on with gradual interest-rate reductions, according to Governing Council member Martins Kazaks. “At the moment financial markets are expecting that rates will be lowered a few more times,” the Latvian central bank chief told public broadcaster LTV on Tuesday.

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Aaron Eglitis
Aaron Eglitis @aaroneglitis
14 May 25

RT @ottummelas: NATO allies have started cobbling together an agreement to significantly boost defense spending in a way that may assuage U…

Aaron Eglitis
Aaron Eglitis @aaroneglitis
13 May 25

RT @business: Eastern European countries are expected to be among the economies worst hit by risks related to trade tariffs, according to t…

Aaron Eglitis
Aaron Eglitis @aaroneglitis
12 May 25

RT @business: Martins Kazaks urges for ECB caution even as he backs a further reduction in borrowing costs https://t.co/HVFA9lfMnC