The three-month rate stood at 6.06% a year at end-March 2024.
The index started 2024 at 6.21%, against 7.56% in early 2023.
The six-month ROBOR, used in calculating variable interests for mortgage loans in lei, stayed put at 6.07% and the 12-month ROBOR stagnated at 6.08%.
On the other hand, the consumer loan reference index IRCC, used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, dropped to 5.90% per year, a level applied for the second quarter of 2024. The index stood at 5.97% for the first quarter of 2024.
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.