The rate stood at 5.01% a year in early May 2022 and at 4.60% a year in early April 2022.
The three-month ROBOR started the year at 3.02%. The rise towards the current level began on February 24, when Russia attacked Ukraine, with the index going from 3.56% on February 23 to 3.61% on February 24, 2022. Since then, the ROBOR has followed an upward trend, with only few days of stagnation.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, grew to 6.28% on Friday from 6.27% 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, increased to 6.47% a year on Friday from 6.45% on Thursday.
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.
Financial analysts polled by CFA Romania expect the three-month ROBOR index to reach 5.41% over the next 12-month horizon.