US EditionLithuanian Economy Remains Resilient, Though Risks Proliferate, Central Bank Says
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Lithuanian economy remains resilient, though risks proliferate, central bank says
Despite mounting geopolitical tensions and the looming threat of trade wars, Lithuania’s economy and financial system remain resilient, according to Gediminas Šimkus, chairman of the board of the Bank of Lithuania.
·Vilnius, Lithuania
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Current borrowing costs are at the upper limit of the neutral rate band, according to Gediminas Šimkus.
In adverse conditions, smaller participants in the Lithuanian banking market may lack financial capital, so they should strengthen their capital base now, says the head of the Bank of Lithuania (LB).
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