The rate has grown by 1.73% since the beginning of April 2022 and by 55% since the beginning of 2022, 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 increased to 4.78% on Wednesday from 4.70% on Tuesday.
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, grew to 4.83% on Wednesday from 4.73% on Tuesday.
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.
Romania’s central bank on Tuesday (April 5) raised its benchmark interest rate to 3% a year from the current rate of 2.5% a year, starting April 6, 2022.