The three-month rate has remained unchanged from August 14 until now, at 6.40%, after reaching 6.41% on August 11, 2023, according to Ziarul Financiar daily.
The six-month ROBOR, used in calculating variable interests for mortgage loans in lei, stayed at 6.50% and the 12-month ROBOR index stagnated at 6.63%.
The three-month ROBOR has been mostly going down since the beginning of the year but there were also days when it remained flat, central bank data show. 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.
So far, the pace of decline of the ROBOR has been pretty slow, despite record liquidity surpluses, of a daily average of almost RON25 billion in the first seven months of 2023. On January 3, 2023, the three-month ROBOR index was 7.56%, and on December 30, 2022 it stood at 7.57%. The index touched a record high of 8.21% in October 2022, in line with central bank data.