The rate stood at 7.95% a year in early September 2022. It started 2022 at 3.02% a year and its upward trend towards the current level set off February 24 when Russia launched a full-scale invasion into Ukraine.
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.