It is important to recognise that Delphic forward guidance does not constitute a commitment to future 3/7  BIS central bankers' speeches  monetary policy actions. It merely gives guidance about the expected level of future interest rates, depending on the economic outlook.
It is important to note here that this year we will be able to mark the net migration rate in green rather than red, meaning that more people are coming to Lithuania than leaving it. Therefore, the total population should increase – for the first time since 1992. 1/4  BIS central bankers' speeches  Let’s not deceive ourselves, though.