Reviews and forecasts

Lithuanian economic review

Economic reviews prepared by the Bank of Lithuania present a comprehensive analysis of Lithuania's external environment, real and external sectors, fiscal policy, development of credit and financial markets, price changes and the outlook for Lithuania's economy and price developments. The reviews are published since November 2011.

Macroeconomic forecasts

The Bank of Lithuania macroeconomic projections are a result of both macroeconometric modelling and expert judgement. The projections are first constructed using the structural macroeconometric model that is created, maintained and updated by the Economics Department. The model-based projections are then updated taking into account expert judgement with respect to structural changes and the latest available information about the forthcoming economic shocks.

Financial stability review

The principal objective of the Bank of Lithuania is to maintain price stability. At the same time, modern central banking today is difficult to perceive without a sound and efficient functioning of the payment and securities settlement system and the entire domestic financial system.

Reviews of operations of credit institutions

Reviews of operations of credit institutions comprise information on bank operations, profitability and business efficiency of operating banks, loan portfolio, compliance with prudential requirements, as well as the information on Central Credit Union of Lithuania and credit union system. English version of the Review is published once a year.

Banking Activity Reviews

Reviews of the Activities of Credit Unions

Review of the study of the costs of payment services

The Bank of Lithuania has conducted a comprehensive study of bank costs and income related with the provision of payment services. The study has been conducted according to the methodology which was developed in observance of the methodology for the investigation of social costs prepared by the European Central Bank and the ESCB in 2009. The Study comprised cash handling, payment card, domestic credit transfer in litas, credit transfer in euro and direct debit transactions. Direct and indirect bank costs per specific transaction have been calculated, the composition of the costs of payment services by activity, the ratio of income on payment services to costs, and the costs per transaction have been identified.