The rate grew by 18.8% in March 2022 and by 52.3% 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 grew to 4.69% on Friday from 4.68% on Thursday (March 31).
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, stagnated at 4.73%.
The evolution of the ROBOR index is impacted by several factors among which the central bank’s monetary policy, the market liquidity, inflation and tax policy.
Financial analysts polled by CFA Romania expect the three-month ROBOR index to reach 4.69% over the next 12-month horizon.
The IRCC, the loan reference index published quarterly by Romania’s central bank, has increased to 1.86% from 1.17%. The IRCC, the reference index for household mortgage and consumer loans, was introduced in May 2019 to better reflect the situation on the banking market.