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Glossary of statistical concepts
M0 | |
Monetary base: a monetary aggregate that is calculated on the basis of the Bank of Latvia's methodology and comprises the lats banknotes and coins issued by the Bank of Latvia and demand deposits of resident MFIs and financial institutions (overnight deposits) with the Bank of Latvia. |
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M1 | |
A narrow monetary aggregate comprising currency in circulation and overnight deposits held with MFIs by euro area residents. |
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M2 | |
An intermediate monetary aggregate comprising M1 and deposits held with MFIs by euro area residents and redeemable at a period of notice of up to and including 3 months (i.e. short-term savings deposits) and those with an agreed maturity of up to and including 2 years (i.e. short-term time deposits). |
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M3 | |
A broad monetary aggregate comprising M2 and marketable instruments, in particular repurchase agreements, money market fund shares/units, and debt securities with a maturity of up to and including two years issued by MFIs. |
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Manufacturing services | |
Processing, assembly, labelling, packing, ect. of goods owned by others. Include only those services after which the acquired goods are returned to the country from which they arrived for processing; only the value for the provided services is reported. |
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MMF shares or units | |
Monetary financial institutions (MFIs) | |
Central bank, credit institutions (except non-MFI credit institutions), credit unions, money market funds (MMFs) and other financial institutions whose business is to receive deposits or close substitutes for deposits from customers other than MFIs and, on their own account, to grant credits and invest in securities; as well as electronic money institutions, whose main business is issuing of electronic money. |
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Monetary gold | |
Gold, which is a component of foreign reserves assets. Monetary gold is held by central bank or central government and it is subject to the effective control of those institutions. |
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Money market fund | |
An open-end investment fund meeting the following criteria: |
Information for users of statistics
Information that contributes to a better understanding of the statistical data as well as to learning more about Latvijas Banka's planned statistical activities and the prepared statistics by familiarising oneself with the statistical programmes.