
Lithuania: interest on deposits is among the most competitive
The annual growth of loans and deposits stands at 4.5% and 5.5%, respectively. Households are offered the highest interest rates on deposits of over 2 years
The annual growth of loans and deposits stands at 4.5% and 5.5%, respectively. Households are offered the highest interest rates on deposits of over 2 years
The IMF recommends that getting competitiveness back on the track of growth needs decisive fiscal consolidation and increasing productivity.
Last February recorded a rise in the surplus balance of services (+31.6% to €790.7 million) and a decline in primary income deficit (-50.6%).
In Poland, the MPC will stick to its cautious approach and refrain from monetary easing this year: CPI inflation will start climbing again.
The official opening of PAIH’s branch in Vilnius took place with a seminar for the fintech industry to discuss the local fintech strengths and challenges.
With the fall in exports (18.4%) and imports (12.4%) of services, the surplus balance of services decreased by 25.5%.
Lithuania is optimizing the digital process to facilitate data collection, storage, analysis, aggregation, and reporting to the financial actors.
In December, the surplus on the CAB increased thanks to a drop in the foreign trade deficit and a rise in the surplus balance of services.
December data show a deficit of PLN 0.1bn in the country’s current account, with trade in goods declined the sharpest in 2023.
The Bank of Lithuania published a comparison of interest rates on loans of Lithuanian and euro area credit institutions and term deposits.