The three-month rate started 2022 at 3.02% a year.

The last time the rate was so high was in February 2014.

Financial analysts expect the three-month ROBOR index to reach 3.94% a year over the next twelve months, according to the latest poll carried out by CFA Society Romania.

The six-month ROBOR used in calculating variable interests for mortgage loans in lei rose to 3.95% from 3.88% a year on Thursday.

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 4.08% from 3.98% a year on Thursday.

(English version by Loredana Fratila-Cristescu)