ROBOR at 3 months EXPLODES. It has reached the maximum of the last year

The three-month ROBOR index, used to calculate variable interest rates on lei loans contracted before May 2019, accelerated its growth trend, being quoted on Thursday at 2.10%, compared to 2.07% on Wednesday and above the level since the beginning of the year, when it was 2.01%.

In fact, the value of ROBOR at three months on Thursday is the highest in the last year, a similar level being registered on October 7, 2020, according to aggregate data from the NBR.

The three-month ROBOR interbank interest rate fluctuated mainly around 1.5% in the summer months, and in the last days of August and September, especially in the last week, it entered an ascending slope.

Thus, starting with September 24, 2021, when the three-month ROBOR was quoted at 1.65%, the index continued to increase daily so that the increase recorded between September 24 and October 7 was over 27%.

3-month ROBOR represents the interest at which banks grant loans with a maturity of three months. At the same time, ROBOR is the monetary indicator according to which the variable interest rates for consumer and mortgage loans granted in lei before May 2019 are calculated.

The 6-month ROBOR index, used to calculate interest rates on variable-rate mortgage loans in lei, rose to 2.18% from 2.16% on Wednesday, while the 12-month ROBOR index, which represents the interest rate paid on loans in lei attracted by commercial banks from other commercial banks for a period of 12 months, rose to 2.25% from 2.22%.


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