The rate stood at 7.78% a year in early December 2022 and afterwards remained on a downward trend. The rate was 3.02% at the beginning of 2022.
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.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, inched up to 7.87% on Dec 23 from 7.86% on Dec 22.
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, stayed at 8.10% a year on Dec 23.
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, stands at 4.06%. The 4.06% level is valid for the calculation of interest rates on loans for the second quarter of 2022.