The rate last reached this level on October 9, 2017, per central bank’s aggregate data.
This week, the rate stood at 2.01% on Monday (Jan 4), at 1.91% on Tuesday (Jan 5), at 1.85% on Wednesday (Jan 6) and at 1.80% on Thursday (Jan 7).
The rate ended 2020 at 2.03% per year. By contrast, the rate was 3.19% per 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.