Earlier this week, the three-month stagnated at 1.62%, a threshold it had also reached at the end of last week.

In early April, the three-month rate stood at 1.67% and saw an almost continuous downward trend, stagnating only several days.

On January 1, 2021, the three-month rate was 2.01%, but it subsequently fell below 2%.

The rate ended 2020 at 2.03% a year, compared with 3.19% a year in early 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, 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.

Subiecte #DECREASE#ROBOR