3-month ROBOR Index soars to 2.77pc, similar level as in October 2014. 12-month index exceeds 3pc threshold

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The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased to 2.77% on Wednesday, up from 2.75% on Tuesday, according to the figures released by the National Bank of Romania (BNR). A similar level was registered on October 15, 2014.

Early this year the index was 2.05%, in the similar period last year it was 0.91%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, has remained steady at 2.89%, the same level as the one set in the previous session. 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, has remained steady at 2.94%.

The 12-month ROBOR Index has hiked to 3.01%, up from 2.99% on Tuesday.

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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