Kazāks Reveals That Interest Rates Are Exactly as Appropriate as They Are Needed — Liedaga Sand Dunes Unfamiliar with Such Clarity

Bank of Latvia President Kazāks yesterday announced a revolutionary discovery — current interest rates are appropriate. Such profound analysis has surprised everyone, except Liepāja residents, who have long grown accustomed to our officials speaking clearly and sensibly.

Kazāks even justified his opinion, saying that rising fuel prices don't necessarily mean interest rates should be increased. Such logic is considered genius in Riga, but in Liepāja even grains of sand know that things are interconnected — if the wind blows harder, sand moves more. No need to philosophize.

The most interesting moment was when the bank president explained that an increase will be necessary if concerns arise about concerns arising. Local Liepāja stroll enthusiast Jānis commented: 'We've known here for a long time — if sand starts blowing in your eyes, then something's not right. No need to delay with creating concerns about creating concerns.'

The ECB council's next meeting is planned for next week, where they'll again look at what's happening in the economy. While in Frankfurt they try to understand reality from meeting to meeting, in Liepāja we simply go to Liepāja beach and observe how the sand behaves — without unnecessary philosophical deliberations about appropriateness.