The three-month rate last reached a similar level over a four-day period, between June 11 and 14, 2018.

The six-month money market rate, which is used to calculate interests on leu-denominated mortgage loans, fell to 3.23% on Wednesday, from 3.27% on Tuesday. A similar level was reached on June 28, 2018.

The nine-month interbank rate, which is used to calculate interests on loans in lei attracted by commercial banks from other commercial banks for a nine-month period, decreased to 3.36% on Wednesday, from 3.38% on Tuesday. It last went lower than that on July 3, 2018, when it reached 3.33%

The twelve-month index dropped to 3.45% on Wednesday, from 3.47% on Tuesday. It last went lower than that on July 4, 2018, when it reached 3.42%.

Romania’s central bank on Tuesday kept its benchmark interest rate on hold at 2.5% at its first monetary policy meeting this year.  The central bank board also kept rates for its deposit and lending facilities unchanged at 1.5% and 3.5%, respectively.

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