Economy - ECB: No Rise in Interest Rates Despite Rising Inflation
4 Articles
4 Articles
The European Central Bank is for the time being renouncing a further rise in interest rates despite a sharp rise in inflation.
If the European Central Bank (ECB) decides not to change the base interest rates, Gediminas Šimkus, Chairman of the Board of the Bank of Lithuania (LB), says that this does not mean that interest rates will not be increased in the future. He said that while inflationary pressures remain due to rising energy prices, no significant transfer of price growth to wages has yet been seen, leaving the ECB to wait for more economic data.
Inflation Hits Three-Year High, ECB Holds Interest Rates
The European Central Bank (ECB) has decided to leave its key interest rate unchanged, despite rising inflation: in September, inflation in the euro area rose to a 3-year high of 3.8%. In Lithuania, it was 6.1%, higher than in Latvia and Estonia. Why, despite the same ECB interest rates, the same currency and energy imports from third countries, do the price growth rates in the Baltic countries differ so much?
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