3-month ROBOR indicator drops to 3.34pct

Romania's three month money market rate (ROBOR), based on which the cost for the loans in lei with floating interest is calculated dropped to 3.34 per cent on Monday on the inter-banking market, from 3.38 per cent per year on Friday, according to the National Bank of Romania (BNR) data. 

In the beginning of the year, 3-month ROBOR accounted for 2.05 per cent. 

With respect to the 6-month indicator used in calculating interests for mortgage loans, it went down to 3.52 per cent per year compared with 3.58 per cent last Friday. 

Moreover, the 9-month ROBOR, which represents the interest rate paid for credits in lei attracted by the commercial banks from other commercial banks went down to 3.60 per cent per year, from 3.63 per cent on Friday, with the 12-month ROBOR dropping to 3.65 per cent per year from 3.68 per cent as previously announced.