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ROBOR rapid growth: The three-month index reaches 1.58pc. Interest rates up by nearly 50pc since Monday

3-month ROBOR Index follows upward trend, reaches 2.54pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.54% on Friday, up from 2.49% on Thursday, according to the figures released by the National Bank of Romania (BNR). The level is getting closer to the one in October 2014 (2.62%). In the same period last year, the index was 0.92%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, surged to 2.65% per annum, up from 2.58%. In early January the 6-month ROBOR Index was 2.05%, in the similar period in 2017 the index was 0.87%.

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, is also up to 2.69% from 2.64% a day earlier.

The 12-month ROBOR Index has also increased to 2.74% per year, up from 2.68% on Thursday.

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.

About Valeriu Lazar