On Tuesday (Aug 9), the three-month rate touched 8.14%.
In early 2022, the three-month rate was below 3%.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, fell to 8.12% on Tuesday from 8.13% previously.
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.
On Friday (Aug 5), Romania’s central bank raised its benchmark interest rate to 5.50% a year from 4.75% a year previously, starting August 8, 2022.