The index continues the downward trend started toward the end of 2025 after going above 7% during summer 2025 amid tighter liquidity conditions in the banking market.
Compared to early January 2026, when the three-month rate was slightly above the 6% threshold, the current level shows its gradual decrease, in a context in which Romania’s central bank kept the key rate steady and the interbank market enjoyed more balanced liquidity conditions.
The liquidity surplus in the interbank market continued to increase toward the end of 2025, with the market ending 2025 with liquidity surplus of RON29.5 billion (EUR5.8 billion), a daily average on the rise.
The six-month ROBOR, used to calculate variable interest rates for mortgage loans in lei, stood at 6.09% on Monday (Jan. 19), lower than 6.11% recorded on Jan. 16.
The 12-month index dropped to 6.27% on Jan. 19, from 6.29% on Jan. 16.
The IRCC, which banks use to set the interest rate for new loans taken since the spring of 2019, stared 2026 at 5.68% for the first quarter of the year (being calculated on the basis of Q3/2025 data), lower than the record high of 6.06% in the fourth quarter of 2025 (being calculated on the basis of Q2/2025 data).