3-month ROBOR Index jumps to 3.09pc

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The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has jumped to 3.09% on Friday, up from 2.95% in the previous session, according to the figures released by the National Bank of Romania (BNR). It is the highest level since September 30, 2014 (3.10%).

Early this year the index was 2.05%, in the similar period last year it was 0.82%.

The 6-month ROBOR Index, used to calculate interest rates on mortgage loans, has climbed to 3.16%, the highest level since May 20, 2014. In early January the 6-month ROBOR Index was 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 for loans in national currency.

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