Bank of Lithuania
2018-09-27
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Taking into consideration the developments in RE prices and household borrowing, the Board of the Bank of Lithuania resolved not to change its decision taken three months ago to set the CCyB rate at 1.0% from the end of June 2019. 

According to the Bank of Lithuania, at this time the likelihood of a systemic crisis in Lithuania is low. In case of any signs of imbalances in the credit and RE markets, the Bank of Lithuania is ready to increase the CCyB rate; however, in the event of significant economic or financial market shocks, the CCyB rate could be instantly lowered.

The Bank of Lithuania revises the CCyB rate on a quarterly basis in view of the credit and RE market situation.

Decision basis for setting the countercyclical capital buffer rate is available here