The rate started 2022 at 3.02% a year.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei increased to 4.65% on March 23 from 4.64% on Tuesday, 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, advanced to 4.72% from 4.69%.
The evolution 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 defined as the quarterly average of interbank money market transactions, replaced the ROBOR money market interest rate in the calculation of variable interests on new retail loans in lei, at the beginning of May 2019. The level calculated for the third quarter of 2022 is 1.17%.