The increase comes after Romania’s central bank raised its benchmark interest rate by 0.75% percentage points to 6.25% a year from 5.5% a year previously, effective October 6, 2022. The bank also raised the interest rate for its deposit facility to 5.25% a year form 4.5% a year and the interest for its (Lombard) lending facility to 7.25% a year from 6.5% a year, applicable as of October 6, the central bank said in a statement.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, increased to 8.12% on Friday from 8.11% on Thursday (Oct 6).
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 8.26% a year on Friday from 8.25% a year 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.