“I will probably only repeat what I said before this decision, that (…) the probability that interest rates will increase is much higher than that it would not happen. I stick to the same,” G. Šimkus told LRT radio on Friday.
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“As I mentioned, the risks are skewed towards inflation, the environment is quite supportive of inflation,” he added.
According to the head of the LB, there are currently no secondary effects, but the price increase remains higher than the target EU level for a sufficiently long time, which requires decisions.
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“It is certainly not for nothing that the members of the Governing Council of the European Central Bank have emphasized that the decision is made at each meeting based on the data available on the date of that meeting,” he stated.
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