The 4.06% level is valid for the calculation of interest rates on loans for the second quarter of 2022.
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.
At the same time, 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, ends the September 26-30 week at 7.93% a year after stagnating at 7.93% a year over the last three trading days, as per central bank data.