The rate has increased by 10.1% since the beginning of November 2021, per calculations by Ziarul Financiar (ZF) based on central bank data.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei rose to 2.74% on Nov 16, from 2.72% on Nov 15.
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 2.84% a year on Nov 16, from 2.83% a year on Nov 15.
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 IRCC index fell to 1.08% for the loans contracted in the second quarter of 2021, from the 1.25% level in January-March 2021, staying way below the level of the three-month rate used for the loans contracted until May 2019.