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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 up to 2.07pc

The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has reached the level of 2.07% on Thursday, up from 2.06% on Wednesday, according to the figures released on Thursday by the National Bank of Romania (BNR) – close the level in December of 2.08%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, has increased to 2.38%, up from 2.37%.

In early January the index was 2.05%.

At the end of December 2017, the index was 2.22% and in early January was of 2.05%..

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.

About Valeriu Lazar