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, dropped to 7.72% on Friday (Jan 6) from 7.73%.
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, inched down to 8.04% a year on Friday from 8.05%.
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, grew to 5.71% starting January 1, 2023 from 4.06% at end-2022. The 5.71% level is computed based on data of the third quarter of 2022. IRCC stood at 1.17% in early 2022.