The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has jumped to 3.27% on Tuesday, up against 3.24% on Monday, according to the figures released by the National Bank of Romania (BNR). A higher level was registered on May 5, 2014 of 3.37%.
Early this year the index was 2.05%, on July 3, 2017 it was 0.87%.
The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, has increased slightly to 3.32%, up from 3.29% on Monday. In early January the 6-month ROBOR Index was 2.05%.
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 increased to 3.33% per annum, up from 3.31% in the previous session.
The 12-month ROBOR Index has reached 3.37%, up from 3.34% on Monday.
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.