3-month ROBOR Index jumps to 3.34%, highest level in the past five months

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The 3-month ROBOR Index, according to which the cost of variable-yield loans in RON is calculated, has increased on Wednesday to 3.34%, up from 3.23% in the previous session, according to the figures released by the National Bank of Romania (BNR). It is the highest level of the past five months, since October 29, 2018 (3.34%).

Early this year the index was 2.99% per annum.

The 6-month ROBOR Index, considered in order to calculate interest rates on mortgage loans, has increased to 3.39%, up from 3.32% per annum, highest level since March 1.

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.

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