The rate fell to 2.61% a year on Monday, after exceeding 3.24% a year on Thursday (March 19).

The six-month money market rate, which is used to calculate interests on leu-denominated mortgage loans, fell to 2.65% a year on Friday, from 2.67% a year on Thursday, after dropping to 2.70% a year on Monday, from 3.30% a year previously.

The central bank decided last 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%.

Subiecte #DECREASE#ROBOR