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3-month ROBOR Index continues downward trend to 3.20%

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Wednesday to 3.20%, down from 3.25% in the previous session, according to the figures released by the National Bank of Romania (BNR).

Early this year the index was 2.05%. In the similar period last year, on November 7, 2017, it was 1.86% per annum.

The 6-month ROBOR Index, considered in order to calculate interest rates on mortgage loans, has decreased to 3.47%, down from 3.49% in the previous session.

The 9-month ROBOR Index, representing the interest rate paid for the loans in RON attracted by the commercial banks from other commercial banks for a nine months period, has also decreased to 3.54%, down from 3.56% on Tuesday.

The 12-month ROBOR Index has slightly decreased by 0.01 percentage points to 3.60%.

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 for loans in national currency.

 

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