摘要:In 2005, litas and euro short-term interest rate differential decreased further. The average
differential of litas and euro overnight interest rates was only –0.04 percentage points
in 2005 (–0.42 percentage points in 2004). The standard deviation of the litas overnight
interest rate against the euro interest rate decreased from 0.39 percentage points in
2004 to 0.13 percentage points in 2005. 3-month VILIBOR interest rate was constantly
higher than EURIBOR; however, the average differential of these interest rates went
down from 0.57 percentage points in 2004 to 0.25 percentage points in 2005 and
stood at only 0.05 percentage points at the end of the year.