3-month ROBOR Index falls to lowest level in 7 months

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The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has decreased on Monday to 2.94%, down from 2.97% in the previous session, according to the figures released by the National Bank of Romania (BNR).

Early this year the index was 2.05%. It is the lowest level since June 20, 2018 when it was 2.93%.

The 6-month ROBOR Index, considered in order to calculate interest rates on mortgage loans, has stagnated at 3.28%.

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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