The rate has increased by 2.96% since the beginning of the week, when it stood at 2.36%.
The six-month ROBOR, used in calculating variable interests for mortgage loans in lei, went up to 2.53% a year on November 5 compared with 2.51% on November 4, while the twelve-month ROBOR, which is the interest rate paid on loans in lei attracted by commercial banks from other banks for a twelve-month period rose to 2.64% a year from 2.61%.
In early October 2021, Romania’s central bank raised the key rate to 1.5% a year from the all-time low of 1.25%, the deposit facility interest rate to 1% a year and the lending (Lombard) facility interest rate to 2%.
On the other hand, the IRCC index, which is used to calculate interests of new loans taken out since May 2019 was flat at 1.08%.
(English version by Loredana Fratila-Cristescu)