Bank of Lithuania prepares for move into equities

bank-of-lithuania

The Bank of Lithuania is to invest its reserves "more flexibly" in search of higher yields, including through purchases of highly-rated equities, the central bank has revealed.

"The return on one major source of foreign reserve asset management – exclusively safe government securities – has decreased in recent years and currently is close to zero," said Mindaugas Vaičiulis, the director of the Bank of Lithuania's banking service.

"In order to invest foreign assets more effectively and achieve gr

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