Citi, the biggest US bank, wants an office in the Baltics and…

Citi, the biggest US bank, wants an office in the Baltics and Lithuania looks like the favourite. Not back office stuff either. Bonds, financial markets, government financing, central bank liquidity.

I like this more than any forecast. We keep talking about deposits doing nothing at 6% inflation. A real local bond market with serious players around it is how that money gets somewhere better to go one day.

Still only a plan. No jobs number, no date.

LRT wrote it up this morning