Early in the week (Monday, Aug 8), the three-month rate hit 8.14%, but after Romania’s central bank governor’s statement about banks “crossing the line and taking the ROBOR index way above the key rate” on Tuesday, it started to decrease.
Also on Friday, the six-month ROBOR used in calculating variable interests for mortgage loans in lei, fell to 8.13% from 8.19% on Thursday.
The twelve-month ROBOR index, which represents the interest rate paid on loans in lei attracted by commercial banks from other commercial banks for a twelve-month period, dropped to 8.27% from 8.30%.
The trend of the ROBOR index is impacted by several factors among which the central bank’s monetary policy, the market liquidity, inflation and tax policy.
(English version by Loredana Fratila-Cristescu)