interest

The European Central Bank (ECB) is expected to cut interest rates by 25 basis points in June, says the board chairman of Lithuania’s central bank.

Sweden's banking group SEB is considering to introduce negative interest rates on deposits held by large business clients in the Baltic States, vz.lt reports.

Negative interbank interest rates are making life easier for Lithuanian borrowers, both consumers and businesses, but Lithuania’s financial experts are worried that it may create another financial crisis and could be sign of a coming economic downturn.