Since the start of May, the index has posted a 13.9% jump, and since the start of 2022, when the index reached 3.02%, the increase amounts to 89%.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei rose to 5.95% on Friday from 5.87% on Thursday, while the 12-month ROBOR, which represents the interest rate paid on loans in lei attracted by commercial banks from other commercial banks for a twelve-month period, hit 6.11%, up from 6.05% on the previous day.
The evolution of the ROBOR index is impacted by several factors among which the central bank’s monetary policy, the market liquidity, inflation and tax policy.
Romania’s central bank on Tuesday (May 10) raised its benchmark interest rate to 3.75% a year from 3% a year previously. The central bank also raised the interest rate for its deposit facility to 2.75% a year from 2% a year and the interest for its (Lombard) lending facility to 4.75% a year from 4% a year, applicable as of May 11.
(English version by Catalina Apostoiu)