The three-month rate has increased by 15.5% since the beginning of May and by 91.7% since the beginning of 2022 when it stood at 3.02%, in line with calculations by Ziarul Financiar (ZF) daily based on central bank data.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, jumped to 6% on Monday from 5.95% on Friday.
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, soared to 6.17% a year on Monday from 6.11% at the end of last week.
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.
Romania’s central bank on Tuesday (May 10) raised its benchmark interest rate to 3.75% a year from 3% a year previously. The central bank also raised the interest rate for its deposit facility to 2.75% a year from 2% a year and the interest for its (Lombard) lending facility to 4.75% a year from 4% a year, applicable as of May 11.