The index thus fell slightly to 6.80% a year on Monday (April 10) from 6.82% on Friday (April 7). The index was on a preponderantly downward trend since the beginning of 2023, but there were also days of stagnation, as per central bank data.
The last time the three-month index was below the 7% threshold was on July 13, 2022.
The six-month ROBOR, used in calculating variable interests for mortgage loans in lei, declined to 7.03% on April 12, from 7.05% on April 11 and 7.08% on April 10.
The 12-month ROBOR index dropped to 7.38% on April 12, from 7.40% on April 11 and 7.45% on April 10.
The IRCC, which is used by banks to calculate interest rates for new loans taken out starting with the spring of 2019, reached at 5.98% in the second quarter of 2023 (calculated based on data of the fourth quarter of 2022), as per central bank data. In the third quarter of 2023, which means until September 2023, the IRCC will stay below 6%, but it is expected to drop to 5.94%, considering the data released by the central bank for the first quarter of 2023.