Vitas Vasiliauskas said that the Eurosystem's unprecedented quantitative easing scheme has proved successful as it has helped to prevent an economic downturn and a deflationary spiral.
"We, the eurozone's central bank governors, today are sending a key message: the stimulation of the economy via expanded asset purchases continues and we will keep low interest rates throughout 2017 and beyond," he said on Friday.
The ECB Governing Council decided on Thursday to continue its purchases under the asset purchase program at the current monthly pace of 80 bln euros until the end of March 2017. From April 2017, net asset purchases are to continue at a monthly pace of 60 bln euros until the end of December 2017.
As part of the quantitative easing program, the Bank of Lithuania purchases bonds issued by the Lithuanian government and European institutions in the secondary market.
