Early this month the three-month ROBOR stood at 4.60% and in early March it stood at 3.87%.
The three-month ROBOR started the year at 3.02%. The rise towards the current level began on February 24, when Russia attacked Ukraine, with the index going from 3.56% on February 23 to 3.61% on February 24, 2022.
Since then, the ROBOR has followed an abrupt growth trend to the 4.79% on April 27.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei grew to 4.95%, while 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, climbed to 5.04% on Wednesday.
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.
(English version by Loredana Fratila-Cristescu)