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October 29, 2020

Three-month interbank offered rate jumps to 2.68 pct on Tuesday

Romania’s three-month interbank offered rate ROBOR, which serves as benchmark for floating-rate loans in lei, climbed on Tuesday to 2.68 percent from 2.54 percent the day before, shows data of the National Bank of Romania (BNR).

A similar ROBOR was recorded on October 16, 2014, at 2.71 percent per annum. According to central bank data, early this year the three-month ROBOR was 2.05 percent, whereas in the similar period last year it was 0.92 percent.

The 6-month ROBOR that is used for pricing mortgage loans went up to 2.80 percent, while the nine-month ROBOR – a measure of what banks charge each other for loans – climbed to 2.83 percent. The 12-month ROBOR hit 2.86 percent from 2.73 percent the day before.

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