coming up, be ecb governing council member gediminas simkus joins me next.s is bloomberg. ♪ >> i think it was the right thing to do given the technical factors that had arisen in the market. and it's obviously brought some important stability to the gilt market. it does not resolve any of the fundamental contradictions in british policy. dani: former treasury secretary larry summers weighing in on the boe intervention. let's look at a different central bank, joining me now is ecb governing council member gediminas simkus. minister, happy 100-year anniversary of the bank of lithuania. exciting in many ways. i want to start with the u.k., there has been a rupture in markets that sparked the boe intervention which we did see in global bond markets. are you worried about risk of financial stability? gediminas: we are in the midst of ongoing russian aggression against ukraine you saw a peach -- peak of energy prices. you have seen a not well-functioning electricity market. with the when you suffered from very high electricity prices in august. this will definitel