The six-month ROBOR used in calculating variable interests for mortgage loans in lei, stayed put at 8.10% on Friday (Sept 30).
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, rose to 8.23% a year on Friday from 8.22% a year on Thursday (Sept 29).
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 three-month rate has skyrocketed 166% since the beginning of 2022 when it stood at 3.02%, and overshot the 8% threshold at mid-2022. In August this year, the rate started to inch down, but still remains at a level that hinders the activity of many companies, largely because of the investment plans for which firms need funding from banks.