According to Algirdas Bartkus, the decision to raise the norm to 1.25% after three years will not change the practice of bank lending.
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„The Bank of Lithuania is acting correctly by increasing reserves as the economy grows – so that the system is more stable during a potential downturn. This does not mean that it foresees any recession, but it will inevitably happen at some point. It is a measure to cushion the economic cycle, which is quite good,“ A. Bartkus told BNS.
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