July data showed a rebound in liquidity on the interbank market after the deficit in July. The liquidity surplus on the interbank market would normally lead to a decline in ROBOR indices.
Since July 29, the index has been on a steady decline, after a three-day period when it stagnated at 6.69%. In the first half of July, the index was on a downward trend, returning under the 7% threshold for the first time in the past two months. On May 8, the index jumped to 7.25% from 6.47%.
The six-month ROBOR, used to calculate variable interest rates for mortgage loans in lei, inched down to 6.74% on Tuesday, August 19, from 6.75% previously, while the 12-month ROBOR stayed put at 6.90%, as per central bank data.