Interest Rate in Lithuania
Lithuania - Interest RateCovid-19 is dealing a blow to the economy in Q2 2020, after detailed GDP data revealed a broad-based slowdown in Q1. Externally, export growth fell to a two-year low in Q1, while faltering consumer demand and stalling investment activity hushed domestic demand in the same period. Since then, the economic panorama has darkened considerably, as severe lockdown measures restrained activity. Industrial production dived at the sharpest pace in six years in April, amid plummeting manufacturing output. Meanwhile, both business and consumer confidence remained downbeat in May, after nosediving to multi-year lows in April, suggesting that private spending and investment activity will have contracted in Q2. Despite the gradual easing of lockdown restrictions, the economic backdrop remained muted into June, as the services sector continued to operate well below full capacity and the country’s borders remained effectively shut.
Lithuania - Interest Rate Data
|Policy Interest Rate (%)||0.0||0.0||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Lithuania Interest Rate Chart
Source: Lithuania Central Bank.
|Bond Yield||0.43||0.0 %||Dec 30|
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June 1, 2020
Annual growth slumped to 2.4% in the first quarter, according to detailed national accounts data released by Statistics Lithuania on 1 June.
May 22, 2020
Industrial production dived 10.9% year-on-year in April, worsening from the previous month’s 1.1% drop and marking the sharpest contraction since March 2014. The downturn chiefly reflected sliding output in the all-important manufacturing sector.
April 30, 2020
GDP rose 2.6% in year-on-year terms in Q1 2020, according to preliminary national accounts data released by Lithuania’s Statistical Institute on 30 April.
April 23, 2020
Industrial production fell 1.5% year-on-year in March, contrasting a revised 3.4% expansion in February (previously reported: +2.4% year-on-year).
April 9, 2020
Consumer prices ticked down 0.1% on a month-on-month basis in March, matching February’s reading and marking the second consecutive month of contraction.