According to Ziarul Financiar (ZF) daily, the index had previously advanced by 1.41 percentage points to 4.06% from 2.65%, for the second quarter of 2022 versus the first quarter of 2022.
The IRCC is computed at the end of each quarter as the arithmetic mean of the daily interest rates determined for the previous quarter and is enforced by banks for the following quarter.
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.
The evolution of the ROBOR index is impacted by several factors among which the central bank’s monetary policy, the market liquidity, inflation and tax policy.
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, edged up to 6.85% a year on Friday (March 31) from 6.84% on Thursday (March 30), as per central bank data.