The ROBOR has gained 1.8% since the beginning of the week, when it stood at 2.11% per year, and 20.1% in October 1 to 14, ZF has calculated based on Romania’s central bank data.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, rose to 2.27% from 2.25% on Wednesday, while the 12-month ROBOR, used to calculate the interest rate commercial banks pay for 12-month loans in lei from other commercial banks, went up to 2.34% from 2.31%.
Romania’s central bank last week decided to raise the key rate to 1.5% from the all-time low of 1.25%. It also raised the deposit facility interest rate to 1% from 0.75% a year and the lending (Lombard) facility interest rate to 2% from 1.75% a year as of October 6.
(English version by Loredana Fratila-Cristescu)