The index stood at 7.79% a year at end-November 2022.

In November, the three-month rate was mainly on downward parth, according to central bank data.

The rate started 2022 at 3.02% a year and its upward trend started on February 24 when Russia launched a full-scale invasion into Ukraine.

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.

The six-month ROBOR used in calculating variable interests for mortgage loans in lei, remained unchanged at 7.96% on Dec 5.    

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, stayed put at 8.22% a year on Dec 5.