The reference rate dropped to 2.61% a year on Monday, from over 3.24% a year, after the central bank had lowered its key rate in an emergency meeting held last Friday.
The six-month money market rate, which is used to calculate interests on leu-denominated mortgage loans, decreased to 2.67% a year on Wednesday, from Tuesday’s rate of 2.69% a year and Monday’s rate of 2.70% a year.
The central bank decided on Friday (March 20) to cut the benchmark interest rate to 2% a year from 2.5% applicable as of March 23. It also narrowed the standing facilities corridor to 0.5 percentage points from 1 percentage point, keeping the deposit facility at 1.5% but lowering the credit facility rate to 2.5% from 3%.