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Three-month interbank offered rate dips to 7.97 ppa on Thursday

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Romania's three-month interbank offered rate ROBOR, which is used for pricing floating rate consumer loans in RON, dipped on Thursday to 7.97 ppa from 7.98 ppa on the previous day, the National Bank of Romania informed.

Early in 2022 the three-month ROBOR was 3.02 ppa.

The 6-month index that is used for pricing floating rate mortgage loans moved down to 8.12 ppa from 8.13 ppa, and the 12-month ROBOR remained steady at 8.27 ppa, the same as on August 17, Agerpres.

The Consumer Credit Reference Index (IRCC) regulated by Emergency Ordinance No. 19/2009 is 2.65 ppa, as to 1.86 ppa three months ago; the index is calculated as the arithmetic average of the daily interest rates of interbank transactions in Q1 2022.

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