The rate stood at 6.47% a year in early July 2022, as compared to 5.99% in early June and 5.01% a year in May 2022.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, reached 7.12% on Tuesday from 7.06% on Monday.
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, increased to 7.28% a year on Tuesday from 7.24% on Monday.
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 IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, stands at 2.65% for the first quarter of 2022.
Romania’s central bank on Wednesday (June 6) raised its benchmark interest rate to 4.75% a year from 3.75% a year previously, starting July 7, 2022. The central bank also raised the interest rate for its deposit facility to 3.75% a year from 2.75% a year and the interest for its (Lombard) lending facility to 5.75% a year from 4.75% a year, applicable as of July 7.