Bank of Lithuania

What does new micro price evidence tell us about inflation dynamics and monetary policy transmission?

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星期四, 四月 25, 2024
Online, Sun, High, Quarterly Journal of Economics, Printing, Inflation, Data set, PRISMA, Journal of Political Economy, Research, Euro, Business, ECB, Shock, Quarterly Journal, Policy, IPN, Section 4, Bank of Lithuania, Journal, Bank of France, Human, Journal of Monetary Economics, Textbook, Food, American Economic Journal, Business cycle, Princeton University Press, Element, Consumer, CPI, Forecasting, Growth, Environment, Political economy, Monetary economics, Bank, Rest, Mistake, HICP, Price, Heart, Daily, Geography, Data, Collection, Probability, Supermarket, Retail

To understand inflation dynamics, it is necessary to analyse how often and by how much individual prices change.

Key Points: 
  • To understand inflation dynamics, it is necessary to analyse how often and by how much individual prices change.
  • This article discusses what micro price data gathered by the European System of Central Banks’ Price-setting Microdata Analysis Network (PRISMA) tell us about the way firms set their prices.

A forward-looking tracker of negotiated wages in the euro area

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星期六, 二月 10, 2024
Online, Blog, Country, Monetary Policy Committee, Deutsche Bundesbank, The, Bank of Greece, Bank, Statistics, Growth, No-no, GDP, Working Group, Projection, Calendar, Curve, Database, Selection bias, Trinity College, CPH, Lecture, RHS, MPC, Inflation, Food, Unemployment, Private sector, Journal, National Bank of Belgium, CPE, BDF, WGF, Eurostat, Social science, JEL, WT, Statistics Austria, Central bank, Forward, COVID-19, Labour, Government, Exercise, Social Security, Bank of France, Labour economics, NCBS, HICP, JRS, Bank of Slovenia, ULC, Letter, PDF, Bank of Lithuania, SSRN, Social, Work, COE, ECB, Research Papers in Economics, Data, Central Bank of Cyprus, Cross, Phillips curve, Employment, Forecasting, Welfare, Structure, Collective bargaining, Bias, Bank of Italy, De Nederlandsche Bank, Green, Rotation, Rigidity, School, Nationalbank, Section 5, European Central Bank, Reproduction, J50, Comment, NMW, Ministry of Labour, Index, Central Bank of Ireland, Research, E24, ISSN, Public sector, Limited, Chart, Education, Policy, Ministry, Banco de Portugal, Trinity College Dublin, Section 3, Disinflation, CBS, CBI, Coronavirus, Acceleration, National bank, Frankfurt, Bank of Finland, MPE, Section 4, Annual, OECD, Nickel, Clothing
Key Points: 

    CEX.IO Announces Expansion into, Dedicated MLRO Hire for Lithuania

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    星期四, 八月 24, 2023
    Crypto, MLRO, Licensure, Decentralized finance, Finance, VASP, Market, Acquisition, Mica, Financial Crime Investigation Service, Bank, Bank of Lithuania, Legislation, Cryptocurrency, EU

    With the acquisition of a Virtual Asset Service Provider (VASP) license, and the hiring of a dedicated Money Laundering Reporting Officer (MLRO) for the country, the company is investing further in its European presence.

    Key Points: 
    • With the acquisition of a Virtual Asset Service Provider (VASP) license, and the hiring of a dedicated Money Laundering Reporting Officer (MLRO) for the country, the company is investing further in its European presence.
    • Vilhelmina Giedrime , CEX.IO’s new MLRO for the country, will liaise with the Bank of Lithuania and the Financial Crime Investigation Service (FCIS) to guide efforts in the emerging sector.
    • “Our commitment to ethical crypto stewardship has always been rooted in the user experience,” said Arina Dudko , Director of Lithuania and Global Head of Corporate Payment Solutions.
    • “After a decade of working with regulators to better safeguard the wealth and information of all market participants, this expansion is a culmination of those efforts.

    Lithuanian institutions confirm National Fintech Guidelines 2023-2028

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    星期四, 六月 29, 2023
    Bank of Lithuania, Attention, Ministry, Invest Lithuania, Basel, Newcomer, Memorandum of understanding, Growth, Ecosystem, Bank, Ministry of Finance (Ukraine), Guideline, Cryptocurrency, Tourism, EU, Fintech

    On June 28, 2023, the main institutional actors in Lithuania’s Fintech ecosystem signed a Memorandum of Understanding confirming the National Fintech Guidelines for 2023-2028.

    Key Points: 
    • On June 28, 2023, the main institutional actors in Lithuania’s Fintech ecosystem signed a Memorandum of Understanding confirming the National Fintech Guidelines for 2023-2028.
    • The Guidelines comprise 5 directions that include: “Supporting the quality growth of Lithuania’s Fintech sector”, “Attracting innovative Fintech solutions to Lithuania”, “Lithuania as a Fintech centre of competence, “Lithuania as a safe and reliable jurisdiction”, “Lithuania as an internationally renowned European Fintech hub”.
    • These fintech guidelines have brought together the most influential experts from Lithuania's institutions, businesses, and associations.
    • The new Lithuanian Fintech strategy underscores Lithuania’s ambition to become the highest quality Fintech hub in Europe,” Simonas Krėpšta, Member of the Board at the Bank of Lithuania, states.

    Company Walletto UAB Has Become a Member of Mastercard Lighthouse

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    星期一, 一月 16, 2023
    Transfer, Financial technology, STEP2, Bank, Mastercard, Principal, Single Euro Payments Area, Lighthouse, B2B, Google Pay, Apple Pay, Bank of Lithuania, Credit transfer, Cryptocurrency, Financial services, SWIFT, Baltic states, Acquiring bank, Visa

    The Mastercard Lighthouse program shows how innovative the Nordic and Baltic region is.

    Key Points: 
    • The Mastercard Lighthouse program shows how innovative the Nordic and Baltic region is.
    • UAB Walletto is an established Lithuanian company that obtained an Electronic money institution license No.
    • Walletto is a Principal Member of Visa and Mastercard as Issuer and Acquirer.
    • Walletto focuses primarily on the B2B segment and provides services in the following areas:

    iDenfy Featured in G2's Winter Report as the Leading Identity Verification Software

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    星期三, 十二月 21, 2022
    Communication, Software, Bank, Use, Address, CDD, Bank of Lithuania, Social media use by businesses, Organization, Comment, Science and technology in Asia, Identity verification service, Entrepreneurship, Blockchain, AML, KYC, ID, Collection, Identity, Cryptocurrency, Mobile phone, Online shopping, G2

    This week, G2 announced its Winter report, where iDenfy scored first place for being the leader in identity verification.

    Key Points: 
    • This week, G2 announced its Winter report, where iDenfy scored first place for being the leader in identity verification.
    • This is the first time iDenfy was featured by G2, reaching this massive milestone within a short time.
    • Since joining the platform in September, iDenfy has landed the number one spot in G2's Winter report in multiple categories, including Easiest Admin, Best Usability, and Easiest To Use.
    • Last month, iDenfy expanded its collection by launching an Address Verification software to reduce user friction.

    Curve Defies the Market and Secures $1 Billion Deal from Credit Suisse

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    星期二, 十二月 6, 2022
    CIO, Visa, Samsung, European Economic Area, Financial Conduct Authority, Bank, Bank of Lithuania, Mastercard, Flex, Credit Suisse, Diners Club International, Cryptocurrency, Online shopping, EEA, Curve, EU

    LONDON, Dec. 6, 2022 /PRNewswire/ -- Curve, the fast-growing financial super app, today announced that the company has closed a deal to fund its first $1 billion in loans with a facility provided by Credit Suisse, enabling Curve to scale its lending business, Curve Flex, across the UK, the EU and the United States.

    Key Points: 
    • The Curve Flex product allows customers to split any transaction they've made with Curve at any merchant, using any card, anywhere in the world into monthly instalments.
    • This uniquely flexible feature allows Curve's customers to be more responsible with their cash flow while reducing their borrowing costs.
    • Flexing a Curve transaction smooths a larger payment over time, can put cash back in a bank account if needed, and provides a convenient way to pay off their credit card balance.
    • We have launched and very successfully tested our unique Curve Flex product, and are delighted to be able to scale our lending capabilities with this new financing," said Paul Harrald, CIO of Curve Group and the Global Head of Curve Credit, Curve's consumer lending business.

    Curve Defies the Market and Secures $1 Billion Deal from Credit Suisse

    Retrieved on: 
    星期二, 十二月 6, 2022
    CIO, Visa, Samsung, European Economic Area, Financial Conduct Authority, Bank, Bank of Lithuania, Mastercard, Flex, Credit Suisse, Diners Club International, Cryptocurrency, Online shopping, EEA, Curve, EU

    LONDON, Dec. 6, 2022 /PRNewswire/ -- Curve, the fast-growing financial super app, today announced that the company has closed a deal to fund its first $1 billion in loans with a facility provided by Credit Suisse, enabling Curve to scale its lending business, Curve Flex, across the UK, the EU and the United States.

    Key Points: 
    • The Curve Flex product allows customers to split any transaction they've made with Curve at any merchant, using any card, anywhere in the world into monthly instalments.
    • This uniquely flexible feature allows Curve's customers to be more responsible with their cash flow while reducing their borrowing costs.
    • Flexing a Curve transaction smooths a larger payment over time, can put cash back in a bank account if needed, and provides a convenient way to pay off their credit card balance.
    • We have launched and very successfully tested our unique Curve Flex product, and are delighted to be able to scale our lending capabilities with this new financing," said Paul Harrald, CIO of Curve Group and the Global Head of Curve Credit, Curve's consumer lending business.

    British fintech Wamo transacted more than €350 million in the first three quarters of 2022

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    星期二, 十月 11, 2022
    Union, SME, Female, WAMO, Growth, ESG, Bank, Frustration, Technology, Industry, Science and technology in Asia, Bank of Lithuania, Financial Conduct Authority, Founder, Financial management, GLOBE, United Kingdom, App Store (iOS/iPadOS), Solution, Security (finance), European

    LONDON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- British fintech Wamo transacted more than 350 million in the first nine months of 2022.

    Key Points: 
    • LONDON, Oct. 11, 2022 (GLOBE NEWSWIRE) -- British fintech Wamo transacted more than 350 million in the first nine months of 2022.
    • It expects to close the financial year 2022 with more than 500 million euros in transactions and three times that amount in 2023.
    • At this stage, in its second year of operations, Wamo serves clients in 31 countries, originating from 89 countries.
    • Recently valued at 19 million euros, the fintech raised 1,75 million euros to be invested in new markets expansion and talent growth.

    Plum to offer stock investment and debit cards in Ireland

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    星期一, 九月 12, 2022
    Consumer, Bank of Lithuania, Bank, Cyprus Securities and Exchange Commission, CEO, Technology, Meta, Rainy Days, VISA, Amazon, AI, Freedom, Security (finance), Mobile phone, Premium, Google, Basic, Plum

    This range will offer 1,000 stocks initially, rising soon to at least 3,000 stocks in companies from around the world.

    Key Points: 
    • This range will offer 1,000 stocks initially, rising soon to at least 3,000 stocks in companies from around the world.
    • Alongside the launch of stock investing, Plum is also offering a debit card.
    • Plum offers three subscription plans, Basic for free, Plum Pro for only 2 per month and Premium for 9,99 per month.
    • Plum Money CY Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 407/21.