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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 – new record of the past three years and a half, 2.47pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.47% on Wednesday, up from 2.45% on Monday, according to the figures released by the National Bank of Romania (BNR). A close level was registered on October 23, 2013, of 2.48%. In the same period last year, the index was 0.91%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, is steady at 2.57% per annum. 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 constant at 2.62%.

The 12-month ROBOR Index is steady at 2.67% per year.

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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