The ROBOR has gained 4% since the beginning of the week, when it stood at 2.11% per year, and 22% since the start of October, when it stood at 1.8%, ZF has calculated based on Romania’s central bank data.
On September 1, 2021, the three-month rate reached 1.6%.
A 2.2% level was also recorded in June-July 2020, after ranging between 3.2% and 2.5% in spring 2020.
The six-month ROBOR used in calculating variable interests for mortgage loans in lei, rose to 2.31% on Friday from 2.27% on Thursday, while the 12-month ROBOR, used to calculate the interest rate commercial banks pay for 12-month loans in lei from other commercial banks, went up to 2.40% from 2.34% on Thursday.
Romania’s central bank last week decided to raise the key rate to 1.5% a year from the all-time low of 1.25%. It also raised the deposit facility interest rate to 1% from 0.75% a year and the lending (Lombard) facility interest rate to 2% a year from 1.75% a year as of October 6.