The normalisation of interbank liquidity in recent months has been reflected in the gradual lowering of interest rates, implicitly also of the 3-month ROBOR rate, Cristian Popa, member of the Board of Directors of the National Bank of Romania (BNR) told AGERPRES on Wednesday.
"After tensions in the spring, we have observed in recent months a process of normalisation of interbank liquidity, which was reflected in the gradual lowering of market interest rates, implicitly also of the 3-month ROBOR rate close to the level of the key interest rate. We can say that the money market works within parameters, observing a balancing phenomenon," said Popa.
The three-month ROBOR index, based on which the cost of consumer loans stated in lei (RON) with variable interest rate is calculated, fell on Wednesday to 6.50% per annum, from 6.51% per annum in the previous session, reaching the level of the monetary policy interest rate, according to data published by the National Bank of Romania (NBR).
As for the reference index for consumer loans (IRCC), regulated by OUG 19/2019, it is 6.06% per annum, being calculated as an arithmetic mean of the daily interest rates of interbank transactions in the second quarter of 2025, the highest level recorded so far by it.
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