Uldis Rutkaste holds a Master's Degree in Economics from the University of Latvia and a Diploma in European Studies from the University of Southern Denmark, Odense.

Uldis Rutkaste started his career at Latvijas Banka in 2002 as an economist of the Monetary Policy Department and was later promoted to the positions of a senior economist and chief economist. Currently he heads the Monetary Policy Department. Before his employment at the Bank of Latvia, he worked at the Macroeconomic Analysis and Forecasting Division of the Economic Structural Policy Department of the Ministry of Economics of the Republic of Latvia.

Uldis Rutkaste has also worked for the International Monetary Fund as Senior Adviser to the Executive Director of the Nordic-Baltic Constituency of the IMF.

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