2017-09-28
The countercyclical capital buffer rate remains unchanged at 0 per cent. Samples of the coin dedicated to the 100th anniversary of the re-establishment of the statehood of Lithuania approved and the plan for the issue of numismatic coin sets changed.
The applicable countercyclical capital buffer rate remains at 0 per cent
The Board of the Bank of Lithuania resolved that as of 30 September 2017 the countercyclical capital buffer (CCB) rate applicable in the Republic of Lithuania remains unchanged, at 0 per cent.
This decision was based on leading and additional indicators for setting the CCB, as well as the analysis of the lending and real estate (RE) markets. Early warning indicators of the need to raise the CCB have shown no imbalances so far. If, at the end of 2017, lending and RE market growth does not decelerate to a significant extent or accelerates even more, this rate would be reconsidered to increase the financial system's resilience.
Countercyclical capital buffer is secured with tier I bank capital. This additional capital buffer can be changed in order to reduce procyclical credit market developments. The countercyclical buffer rate of 0 per cent was first set by the Bank of Lithuania in the summer of 2015. This rate has not been increased thus far.
The background material for the decision for setting the countercyclical capital buffer rate is published on the website of the Bank of Lithuania on a quarterly basis.
Samples for the coin dedicated to the 100th anniversary of the re-establishment of the statehood of Lithuania approved
he Board of the Bank of Lithuania approved the samples for the €2 commemorative coin dedicated to the 100th anniversary of the re-establishment of the statehood of Lithuania, to be issued next year.
This coin is to be issued into circulation in the first quarter of 2018. Its mintage is one million, of which 10 thousand – BU quality. It is planned to issue this coin jointly with the national central banks of Estonia and Latvia.
The author of the national side of the coin dedicated to the centenary of the Baltic States is Justas Petrulis. The graphic design for the national side (obverse) created by him was chosen by residents of all the three countries – Lithuania, Latvia, and Estonia, by vote.
The coins were minted by the Lithuanian Mint.
The plan for the issue of numismatic coin sets changed
The Board of the Bank of Lithuania resolved to change the plan for the issue of collector euro coins, commemorative euro coins with the Lithuanian national side, and circulation euro coin numismatic sets for 2018–2019.
Considering the recent increase in the demand for collector coins, the Board increased the mintages of collector €1.50 dedicated to the Vilnius University Physicist’s Day (FiDi 50) and of the coin dedicated to St John’s (Rasos) Festival from 25 to 30 thousand. The mintage of silver coins (denomination – €5) dedicated to St Johns was increased from 2 to 3 thousand.
In addition, to give more creative freedom for coin designers, the Board allowed to freely choosing the diameter for the latter coin. This technical parameter will be approved by a later resolution of the Board of the Bank of Lithuania once graphic designs are created by authors and the chosen shape for the coin becomes clear.