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October 5, 2022

Three-month interbank offered rate hits 3.39 pct, a high since February 2014

Romania’s three-month interbank offered rate ROBOR, which serves as benchmark for floating-rate loans in lei, continued its climb, hitting 3.39 percent per annum on Thursday, as to 3.34 percent on Wednesday.

A higher ROBOR on record was the 3.40 percent registered on February 26, 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 3.46 percent from 3.39 percent, while the nine-month ROBOR – a measure of what banks charge each other for loans – climbed to 3.48 percent from 3.40 percent on Wednesday. The 12-month ROBOR advanced to 3.52 percent from 3.42 percent the day before.

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