On September 1, 2020, the three-month rate was 2%, but it has dropped afterwards.
The six-month money market rate, which is used to calculate interests on leu-denominated mortgage loans, stayed put at 2.07% on Thursday.
ROBOR’s stagnation on the money market comes after a period of declines over the past weeks, under the impact of the central bank’s decision in early August to lower its benchmark interest rate by 25 basis points to 1.5% a year from 1.75%.
The three-month rate has been on a downward trend since the beginning of 2020, when it reached 3.19%.