RSS
ROBOR index climbed to 4.70% per year, a new high in the last 9 years
The 3 months ROBOR index , according to which the cost of consumer credits in lei with variable interest rate is calculated, went up to 4.70% per year on Thursday, from 4.68% per year the previous day, according to data released by the National Bank of Romania (BNR).
A higher index level was recorded in 2013 – 4.74% per year.
At the beginning of 2020, ROBOR index for 3 months was 3.19% per year, and at the beginning of 2021 it was 1.98%.
The 6 months index, used to calculate interest rates for mortgages in lei with variable interest rate went up to 4.80% per year, from 4.78% on Wednesday, while ROBOR for 12 months climbed to 4.86% per year, from 4.83% per year.
The BNR Administration Board decided two days before to increase the monetary policy interest rate to 3%per year, from 2.5% per year, as of April 6, 2022, and maintain strict control of cash flow in the monetary market.
The reference index for consumer credits is 1.86% per year, being calculated as average of daily interest rates of interbank transactions in quarter 4, 2021, on the rise compared to the one published 3 months before of 1.17%.
In May 2019, government order 19/2019 came into force to modify the way in which interest rates are calculated for credits with variable interest rates in lei. The order established the reference index for consumer credits calculated on a quarterly basis based on interbanking transactions.