International Internet Magazine. Baltic States news & analytics
Tuesday, 26.07.2016, 15:09
External assets down 1.9 mln litas in May
The monetary aggregate M3 climbed during the month by 346.1 million litas, but its annual growth rate decelerated towards the end of the month to 14.9%. The M3 growth was driven mainly by an increase in short-term deposits, writes LETA/ELTA.
Credit to the general government went down month on month leading to a decline of 584.8 million litas in domestic credit. On the other hand, domestic credit grew year on year by 1.1 billion litas, driven by the growth in lending to the general government and government securities.