ROBOR down to the lowest level since January
The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Thursday to 2.96%, down from 2.98%, according to the figures released by the National Bank of Romania (BNR), being the lowest level since January.
The 6-month ROBOR Index, considered in order to calculate interest rates on mortgage loans, has remained the same 3.06% as the previous session, while the 9-month ROBOR has also stood at 3.12%.
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 leads to an increase of instalments for loans in national currency.
Earlier this year BNR published the quarterly consumer credit reference index (IRCC), which replaced ROBOR in the calculation of interest rates on the majority of RON loans. Its current value is 2,66%.