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3-month ROBOR Index jumps to 2.18pc on Friday

The 3-month ROBOR Index, the average interest rate on which Romanian banks borrow from each other, has reached on Friday the level of 2.18%, up from 2.09% the day before, the National Bank of Romania (BNR) informs. The level is by 2.5 times higher than a year ago and the highest since October 28, 2014 when it reached 2.20%.

The 6-month ROBOR Index increased up to 2.29%, the same level as on November 5, 2014.

At the beginning of the year, the 3-month ROBOR Index was 0.87%.

ROBOR (Romanian Interbank Offer Rate) is the average interest rate for loans in national currency granted on the interbank market, and the increase of this indicator will lead to an increase of instalments in the case of RON loans.

At the beginning of October, the BNR representatives showed that the interest rates on the interbank market have increased in the context of fluctuations in liquidity and rising inflation at a faster pace than projected over medium term.

About Valeriu Lazar