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AAFBR: IRCC will be equal to ROBOR in one or two years

Loan installments paid by Romanians should fall by 5-10 percent between May and June by applying the new Consumer Credit Reference Index (IRCC) instead of old ROBOR and by 2-3 percent in July, but over one year or two the IRCC will be comparable to ROBOR, said Iancu Guda, president of the Association of Banking and Financial Analysts of Romania (AAFBR) . “Based on the IV quarter, 2018, calculations, the IRCC ...

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