The consumer loan reference index, published on May 2, 2019, is computed as an arithmetic mean of daily interest rates of interbank transactions in the fourth quarter of 2018. Th daily interest rate of interbank transactions represents the weighted mean of interest rates with the volumes of transactions on the interbank monetary market (the daily index).
IRCC replaces the ROBOR money market interest rate when establishing the interest rates paid on consumer loans.
The central bank will publish the index daily and, at the end of each quarter, the updated value of the consumer loan reference index.