This percentage level is valid for the calculation of interest rates on loans for the first quarter of 2022.
A level higher than today’s level was recorded in the second quarter of 2019 when IRCC stood at 2.66%. Later on, the index has decreased constantly, down to a minimum 1.08% in the second quarter of 2021.
Also on June 303, Romania’s three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei taken out before May 2019, has increased to 6.44% a year from 6.41% a year on Wednesday (June 29), in line with central bank data.
The IRCC is computed as a daily mean based on interest rates of all interbank transactions, representing the weighted mean of transactions. The IRCC, the reference index for household mortgage and consumer loans, was introduced in May 2019 to better reflect the situation on the banking market.