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Today the Council of Latvijas Banka has approved the Statistical Programme of Latvijas Banka for 2016.

The programme aims to provide information on the key tasks of Latvijas Banka in the field of statistics in 2016, types of statistics collected by the central bank for pursuing its tasks, the legal framework, frequency and deadlines for compilation of these statistics, as well as on providers and main users of the respective statistical data. The programme also contains information on the statistics Latvijas Banka makes public pursuant to laws of the Republic of Latvia and to ensure continuity of publication of important time series or more user-friendly access to important information made public by the European Central Bank.

Council Regulation (EC) No 2533/98 of 23 November 1998 concerning the collection of statistical information by the European Central Bank sets out that the European System of Central Banks (ESCB) follows the principle of professional independence in the fulfilment of its tasks. One of the performance indicators of the above principle which are defined in the document "ESCB Public Commitment on European Statistics" is publication of the statistical work programme. As of 1 January 2016, the field of national statistics in Latvia is governed by the National Statistics Law, which does not apply to the statistics Latvijas Banka produces pursuant to the law "On Latvijas Banka". Thus, the statistics compiled by Latvijas Banka are not included in the annual national statistical information programme approved by the Cabinet of Ministers.

Latvijas Banka carries out several tasks significant for the functioning of the economy and financial system. One of the most important tasks is collection, storage and processing of statistical data, as well as development, compilation, analysis and dissemination of statistical information pursuant to the law "On Latvijas Banka". Latvijas Banka compiles monetary and financial statistics, banknote statistics, payment and payment system statistics, financial stability statistics, balance of payments and international investment position statistics, as well as gets actively involved in compilation of statistical data at the European level.

The Statistical Programme of Latvijas Banka for 2016 will be available on the website of Latvijas Banka at www.bank.lv