The 3-month ROBOR index, according to which the cost of most loans is calculated, rose on Friday to 3.78% per year, from 3.61% previously, the highest level in the last 9 years, according to information published by the National Bank of Romania (BNR).

A similar level of the 3-month ROBOR index was recorded on September 16, 2013 – of 3.78%.

At the beginning of 2020, the 3-month ROBOR index was of 3.19% per year, and at the beginning of last year it was of 1.98%, according to Agerpres.

The 6-month index, used in the calculation of interest rates on lei mortgages with variable interest, increased to 3.95%, from 3.88%, and the 12-month ROBOR reached 4.08% per year, from 3.98% per year.

The Board of Directors of the National Bank of Romania recently decided to increase the monetary policy interest rate to 2.5% per year, from 2%, starting with February 10, 2022, and to maintain firm control over liquidity on money market.

The reference index for consumer loans (IRCC), regulated by GEO 19/2019, is of 1.17% per year, being calculated as the arithmetic average of the daily interest rates of interbank transactions in the third quarter of 2021, in 1.08% increase compared to the one published three months ago.