“With high inflation, driven mainly by exogenous supply shocks caused by Russia’s war against Ukraine as well as energy and political blackmail against the rest of the world, it is crucial that aid measures reach the most vulnerable countries, populations and businesses quickly. This will put pressure on governments to compensate for increased spending, but from a monetary policy perspective, it is important that state aid is targeted as much as possible at the most vulnerable social groups and economic activities,” said Gediminas Šimkus.

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