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June 25, 2021

Three-month interbank offered rate hits 2.85 pct on Monday

Romania’s three-month interbank offered rate ROBOR, which serves as benchmark for floating-rate loans in lei, climbed on Monday to 2.85 percent from 2.83 percent on May 31.

A higher ROBOR on record was the 2.89 percent registered on October 15, 2014, shows data of the National Bank of Romania.

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 0.86 percent.

The 6-month ROBOR that is used for pricing mortgage loans leapt to 2.96 percent from 2.94 percent, while the nine-month ROBOR – a measure of what banks charge each other for loans – climbed to 3.02 percent, and the 12-month ROBOR inched up to 3.07 percent from 3.05 percent on May 31.

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