The three-month rate stood at 1.61% a year on Monday (March 1) and at 1.59% a year on Friday (Feb 26).
The three-month rate started 2021 on a downward trend, due to the central bank’s recent decisions to adjust the key rate and the standing facilities rates. However, the rate started to grow last week.
The three-month rate was 3.19% a year in early 2020 and at 2.03% a year in late 2020 .
ROBOR is a monetary indicator used to calculate variable interests for loans in lei and interests for mortgage loans. Loans in lei with variable interests, granted before May 2019, depend on the variations of the ROBOR index.
The IRCC, which is defined as the quarterly average of interbank money market transactions, has replaced the ROBOR money market interest rate in the calculation of variable interests on new retail loans in lei, at the beginning of May 2019.