The six-month ROBOR used in calculating variable interests for mortgage loans in lei, climbed to 6.11% on Friday from 6.08% 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, grew to 6.30% a year on Friday from 6.29% on Thursday.
Financial analysts polled by CFA Romania expect the three-month ROBOR index to reach 5.41% over the next 12-month horizon.
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.