The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased to the level of 2.08% on Monday, down from 2.09% on Friday, according to the figures released by the National Bank of Romania (BNR).
On December 27, 2017 the level was of 2.10%, on October 28, 2017 it was 2.08% per annum.
The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, fell to 2.41%, on Monday, down from 2.43% last Friday.
In early January the 6-month ROBOR 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.